GREECE, Greece (Reuters) – Greece’s largest coffee chain Greek Cafe is closing after two decades, as the country struggles with a debt crisis and the government tries to find a way to pay the bills.
The company, founded in 1973, has a history of controversy over its ownership of Greek cafes, with its founders accused of paying people to stay in the premises and then stealing their money.
“Greek Cafe will be closing as a result of our own difficulties,” the company said on its website.
“This is due to the fact that we have not been able to find any financing from banks and other lenders.
This is due mainly to the high costs of operating the business, which we have had to pay for in our own money.
We hope to come to a resolution soon.”
In a statement, the company stressed that the closure of Greek Cafe would not affect the company’s plans to open a cafe in Athens in the coming weeks.
“We are confident in our plans to start a cafe,” the statement read.
Greek Cafe has been a fixture in Athens since its opening in 1973.
In recent years, the cafe has been struggling to find financing for its operations.
In January, Greek cafes closed down after a year, with a company that was owned by the owners claiming the cafes had been “stolen” and “infiltrated”.
The owners said they had paid their debts.
In April, the Greek government announced plans to cut the country’s budget deficit by more than a third in 2019.
The latest budget was passed by parliament on Thursday, with Finance Minister Nikos Kourkoulias saying the cuts would be necessary to help pay for the budget deficit.
“With the current situation, the country needs more money, more spending and more austerity,” Kourkovas told parliament.
“So we are going to have to cut spending, which is why we are talking about cuts of 10 percent to 20 percent.”
Kourkovias said Greece was looking for a way of covering its spending gap.