Calamos Supports Greece

Greece

Greek Pensioners Rally Against Austerity

Hundreds of pensioners took to the streets of Athens on Saturday to protest against austerity and falling living standards. With the motto "We claim what was taken away from us," pensioners from around the country rallied at Klafthmonos Square. Later...

Greek Pensioners Face Losses of Up to €350 per Month in 2019 Cuts

Greek pensioners are about to lose up to €350 ($416) per month when new pension cuts are implemented as of Jan. 1, 2019. Finance Minister Euclid Tsakalotos has admitted that the new year will find Greek pensioners seeing cuts in...

Greek Pensioners Protest Deep Cuts in Pensions, Health Care

Hundreds of pensioners protested in central Athens on Thursday against the new reduction in the pensions and cuts in health benefits. The elderly protesters marched toward the ministry of Health demanding a review of the cuts they say are included...

Greek Pensioners Protest Cuts Outside Council of State Court Hearing

Hundreds of elderly Greeks protested against deep cuts to their pensions outside the country's top administrative court, which was hearing arguments on a motion to rule the 2016 labour bill unconstitutional. Pensioners have seen their benefits cut more than a...

Greek Pensioners Take to Athens Streets to Protest Cutbacks

Several hundred elderly Greeks shouting "shame" marched through Athens on Tuesday, protesting against deep cutbacks to pension payments ordered by the country's creditors. In weak autumn sun and a city teeming with tourists, pensioners took to the streets angered by...

More than 315,000 New Greek Pensioners Waiting for Payment

More than 315,000 pensions -- main and supplementary -- and retirement bonuses are overdue in Greece, according to a Kathimerini newspaper report. New pensions are one year overdue to recipients. The new pension laws, the merger of security funds, the...

Greek Pensioners Protest While Parliament Discusses One-off Bonus

About 4,000 pensioners on Thursday demonstrated outside the Greek Parliament while lawmakers were voting for the one-off bonuses Prime Minister Alexis Tsipras has promised. As a sarcastic response to the prime minister's proposal, some protesters distributed napkins resembling banknotes. The...

Angry Greek Pensioners Rally to Protest Slashed Pensions

Thousands of angry pensioners gathered on Thursday morning at Kotzia Square in central Athens to protest their slashed pensions, burning the letters sent to them by the labor ministry. The pensioners, through their federation representatives, wanted to return the letter...

Greek Pensioners Might Resort to Eating Wild Greens for Sustenance

Greek pensioners might have to resort to collecting wild greens in order to feed themselves as the economy gets worse, says a BBC report. Reporter Heidi Fuller-Love sees the Greek economic crisis from the point of view of a Cretan...

Greek Pensioners Faint After Hours of Waiting in Bank Lines

Greek pensioners started lining up as early as midnight in order to get their pensions from 1,000 bank branches that would be open on Wednesday to service them specifically. The imposition of capital controls by the Greek government allows pensioners to...

44.8% of Greek Pensioners Live Below Poverty Line

It was revealed that 44.8% of Greek pensioners live below the poverty line with pensions that do not exceed 665 euros. Furthermore, the vast majority disability of pensions amount to 250-540 euros, while finally 60% of pensioners in all categories...

75% of Greek Pensioners Enjoy Early Retirement

Three out of four public sector and Social Security Fund (IKA) pensioners in Greece are opting for early retirement. This situation has caused the country’s pension system to become unsustainable. On Wednesday, Greek Labor Minister Yiannis Vroutsis presented data to the parliament, explaining that...

Greek Pensioners Face 25% Auxiliary Cut

Breaking a vow not to impose any more austerity measures, the Greek coalition government led by Prime Minister Antonis Samaras, the New Democracy Conservative leader,  is set to slash already-reduced auxiliary pensions as much as another 25 percent. Greek retirees,...

Greek Pensioners Sue For Lump Sum Payments

Greek civil servants, upset that the country's highest court has ruled that military pay cuts imposed as part of austerity measures affecting the public sector across-the-board were unconstitutional and must be repaid, are suing to get back lump sum...

More Greek Pensioners, Jobless Than Workers

With Greek pensioners already facing big cuts under austerity measures, a report from the Ministry of Labor said the system of paying retirees is under stress because there are about a million more beneficiaries, unemployed and non-workers than workers...