Calamos Supports Greece

Greece

Alt. Labor Minister Antonopoulou: Government Trying to Set Economy on Fair Course of Growth

"Our aim is to heal the wounds that unemployment and poverty opened to the society and to set the economy on a course of fair growth," said Alternate Labor Minister Rania Antonopoulou in her article in the Sunday edition...

Restoring Collective Bargaining Is of Key Importance, Says Greek Labor Minister

Restoring collective bargaining in the labor market is of paramount importance to the Greek government, Labor Minister Efi Achtsioglou said on Thursday. Achtsioglou spoke in a joint press conference with Finance Minister Euclid Tsakalotos in Berlin. She stressed that labor...

SEV Presents Positions on Labor Reform

The Federation of Hellenic Enterprises (SEV) on Monday presented its positions in an ongoing negotiation on labor issues between the Greek government and the institutions, during a meeting with Labor minister and representatives of trade unions. SEV said it supported...

Labor Minister Achtsioglou to Meet With Institutions on Tuesday

New Greek Labor Minister Efi Achtsioglou is meeting on Tuesday with representatives of Greece's international creditors to discuss labor reforms as part of the second bailout review. There has been a great deal of attention cast on the new...

Employers and Employee Unions Agree in Principle on New Labor Laws in Greece

Representatives of employer associations and employee unions reached a minimum level of agreement on Tuesday on the upcoming changes on labor laws. The two sides negotiated in the presence of Labor Minister Giorgos Katrougalos. They chose to put disagreements and...

Greek Labor Minister Katrougalos Meets ILO Chief Ryder

Greek Labor Minister Giorgos Katrougalos met on Thursday with ILO General Director Guy Ryder at the Ministry. They focused on labor relationships as well as on labor issues such as collective contracts and mass layoffs. The Minister stressed that Greece should...

Greek Labour Min: Gov't Will Implement its Pledges on Minimum Wage and Collective Contracts

The Greek government's pledges for minimum wage and collective contracts will be implemented, Greek Labour Minister Panos Skourletis on Tuesday reassured addressing an event on the occasion of the World Day for Safety and Health at Work. Skourletis stated that...

EU Commissioner Moscovici: Greece has the Right to Act Within the EU Acquis

European Parliament Vice President Dimitris Papadimoulis raised the issue of collective labor contracts during a debate in the Europarliament on Wednesday. Addressing European Commissioner for Economic and Financial Affairs Pierre Moscovici asked him to state the position of the European...

Greece Among 5 Member-States With Highest Poverty Hikes During Crisis

Greece, Ireland, Spain, Italy and Hungary were the EU member-states where poverty and social exclusion increased the most during the economic crisis, according to the European Commission's Annual Review on employment and social developments released on Thursday. The review noted...

Ferries to Stay Moored at Greek Ports as Seamen Launch Strikes

Ferries remained moored at ports across the country as Greek seamen launched rolling 48-hour strikes on Monday to protest at austerity reforms, radio reports said. The maritime transport strike, which is expected to last at least until Thursday, is expected...

IMF's Man in Athens: We Want More Cuts

ATHENS – Greek workers, battered and bruised after repeated pay cuts, tax hikes, slashed pensions and the coming firing of 150,000 civil servants as a condition of getting international aid to keep the country’s economy will have to brace...

Greek Pensions Saved But Minimum Wage, Health and Defense Hit Hard

ATHENS - After divisive talks, Greece’s coalition government has agreed on a plan to make more deep spending cuts to stave off default, but the deal means although pensioners could be spared, the country’s already-wracked health care system will...

Troika Wants Greece's Minimum Wage Scrapped

More bad news is brewing for Greek workers in a seemingly endless onslaught of pay cuts and tax hikes. In return for bailout loans keeping the country afloat, the Troika of the European Union[...]

Institutions Present Draft Agreement to Athens as Negotiations Continue

On Sunday representatives of Greece's creditors presented the government with a draft agreement for completing the second review. According to a Greek finance ministry official, this included some "open issues" on which staff-level negotiations were continuing. The biggest differences between the...

Greece's New Reform List and List of Bailout Requirements More Similar than Different

The list of proposed reforms Greece sent to its international creditors bears many similarities to the requirements of the abandoned bailout program, the Memorandum. The terminology used is different though. European Commission sources, however, note that there should be further...