Calamos Supports Greece

Economy

Venizelos Says Greece “Scapegoat” But Will Survive Crisis

With the economic world holding its breath over fears that Greece will default, Finance Minister Evangelos Venizelos told an international audience of bankers in Washington, D.C. that his country[...]

In Washington, Venizelos Tries to Convince Skeptical World

Even while Greek Finance Minister Evangelos Venizelos was busy in Washington trying to persuade everyone that Greece will not default, although it is drowning in debt and misery over deep pay cuts, tax hikes and slashed pensions while tax...

Greece Must Push Reforms or Face Dramatic Fallout:Provopoulos

George Provopoulos sad that Greece must implement the agreed reforms, or there will be dramatic consequences. In an interview with Sunday Real News the governor of the Bank of Greece explained: "We need to proceed quickly with a substantial...

Merkel: Greek Exit from Euro Would Have Domino Effect

German Chancellor Angela German Chancellor Angela Merkel on Saturday defended her government's part in international efforts to save Greece, this time from default against internal criticism from her party. A Greek exit from the eurozone or a restructuring of...

Schaeuble Says Greek Rescue Will Take a Decade

Wolfgang Schaeuble (CDU) said that the Greek rescue is a job that will take a decade to complete. In an interview with weekly business 'Wirtschaftswoche' finance minister, Wolfgang Schaeuble (CDU), said it is "obvious that Greece cannot return to...

Bad News for Banks: Greece May Not Pay Them

As Greece daily steps closer to defaulting on its loans, Finance Minister Evangelos Venizelos has[...]

ASE Ended Below 800 Units

The General Index of ASE ended below 800 units for the first time since April 1995, forced by the severe pressures triggered by political ineffectiveness against the debt crisis domestically and abroad. Banks suffered heavy pressures, as cumulative losses for...

Finance Minister Dismisses Discussions, Rumours That Distract Attention

Greece will do everything in its power in order to implement fully and on time all EU decisions of July 21. When asked to comment about articles in the press in regards to various scenarios that concern sovereign debt management,...

Moody's Downgrades 8 Greek Banks

Moody's on Friday downgraded the ratings of eight Greek banks by two notches each citing a struggling domestic economy and declining deposits among reasons for the move, which was expected by markets. The agency cut National Bank of Greece SA...

Communist MP Liana Kanellis Outraged in Greek Parliament

Liana Kanellis, an MP of the Greek Parliament appeared today evening at the Parliament and held a speech about the financial situation. To illustrate her point, the KKE (Greek communist party) member  brought bread and milk to the...

Citigroup Says Greece's Exit from Eurozone Could Be Next Crash

The analysts of Citigroup are not certain about the sovereign default of Greece or its exit from the Eurozone, according to a relevant report. Nevertheless, it is underlined that there are some substantial dangers and apprehensions that should be...

European "Union": Goodnight and Good Luck, Greece

"You either keep your word and push the mid-term program immediately or you will not be given the next trench", said Troika officials to George Papandreou and Evangelos Venizelos. Surely it must[...]

Air Force Cancels Training Activities Due to Poor Finances

The Hellenic Air Force cancelled its scheduled training activities from Monday the 26th to Friday the 30th of September due to its bad finances. According to daily newspaper Elefterotypia, the above mentioned training is part of the general training “Alexander-2011”...

Greece Records Largest Increase in Suicide Rates

Greece records the biggest rise in suicide attempts throughout Europe, said Mrs. Bekiari, member of NGO “Klimaka” during her interview to SKAI Radio. As pointed out by Mrs. Bekiari, 25% of the attempted suicides during the last year were ascribed...

Pangalos: 70000 Layoffs in Public Businesses

In his interview to the Swiss newspapers “Tribune de Geneve” and “24 Heures”, the Vice President of the Greek government, Theodoros Pangkalos said that ca. 70,000 job positions in the public sector will be lost due to new merging...