Calamos Supports Greece

Politics

Tsochatzopoulos Says Conviction Was Political

As he awaits trial on more serious charges of money-laundering and embezzling as much as one billion euros ($1.3 billion) from contracts he awarded, former Greek defense minister Akis Tsochatzopoulos said that his eight-year jail sentence for failing to...

Greek Bosses Liable For Crisis Suicide Tries

With suicide increasing in Greece during the country's crushing economic crisis - a woman was talked down from a sculpture in Omonia Square during rush hour morning traffic in Athens on March 11 - the Supreme Court has ruled...

Greece, Troika Talks In Stand-Off

Discussions between Greek officials and envoys of international lenders bogged down after the government was reluctant to press for public sector layoffs and over differences in a debt-relief plan for Greeks who can't pay their bills because of harsh...

Athens Mosque Will Cost Greece $1.1M

It will cost the cash-strapped Greek government, which is cutting pay, raising taxes and slashed pensions for workers, pensioners and the poor, some 846,000 euros, about $1.1 million, to build an official mosque in Athens for the city’s Muslim...

High-Level Corruption Sentences Surprise Greeks

Greece's recent crackdown on corruption has led to a life sentence for a former mayor and an eight-year term for a former defence minister. While it's rare in Greece for political leaders and the rich to face prosecution, that...

Hold On … Samaras Readies Greek Shake

After his office issued a blanket denial that he would not reshuffle his Cabinet, Prime Minister Antonis Samaras, the New Democracy Conservative leader, is set to do so and will fire some of his own party members and replace...

Former PPC Officials Quit Over Losses

The head of Greece's privatization fund, Takis Athanasopoulos, and the Finance Ministry's General Secretary Giorgos Mergos resigned on March 9 after former managers of the Public Power Corporation (PPC) were charged with breach of duty for commissioning in...

Samaras Repeats No More Austerity Vow

Greek Prime Minister Antonis Samaras has once again promised austerity-crushed Greeks that he won't impose any more pay cuts, tax hikes and slashed pensions, although international lenders said they could be necessary of the government fails to hit...

Greece's Hopeful Cry: "The Tourists Are Coming!"

Hoping that there won't be a repeat of last year's incessant protests, strikes and riots against austerity measures which led to images around the world of ports, airports and public transportation being shut down, Greece is projecting a big...

The Tsochatzopoulos Gang Faces The Court

Former defense minister and a one-time stalwart of the PASOK Socialist  Akis Tsochatzopoulos, who is in detention and already sentenced to eight years for failing to declare his wealth, was back in court on March 8 along with 18...

ND Top Official Accused Of Backing Junta

Hot Doc monthly magazine, run by Costas Vaxevanis, the journalist who revealed the names of the 2,062 Greeks with $1.95 billion in secret Swiss bank accounts that haven't been checked for possible tax evasion for nearly three years, has...

Kouvelis Says Austerity Killing Greece

Fotis Kouvelis, leader of the tiny Democratic Left (DIMAR) that is a junior partner in Greece's uneasy coalition government, has told international lenders that the country can't stand any more of the pay cuts, tax hikes and slashed pensions...

Troika Wants Drugs Sold In Markets

Greece's international lenders are again pressing the government to liberalize the market for nonprescription drugs and let supermarket be allowed to start selling medicines and provide competition for pharmacies which enjoy a monopoly, including on selling baby formula which...

Strike Closes Greek Museums, Sites

Once again, and as Greece has picked up its campaign to lure tourists back after a disappointing last year, archaeological sites and museums were closed because of a workers' strike against more pay cuts, tax hikes and slashed pensions...

Avramopoulos Upbeat About Greece’s Economy

During Foreign Minister Dimitris Avramopoulos’ visit to Canada, the newspaper Ottawa Citizen published his interview regarding recovery plans for Greece's economy. He said that the current Greek crisis in 10 years from now, will be "a memory which will act...