Calamos Supports Greece

Politics

EU Court Backs ECB's Greek Secrecy

The General Court of the European Union has ruled the European Central Bank (ECB) properly refused to release documents about Greece’s deteriorating economy in 2010 because “Disclosure of those documents would have undermined the protection of the public interest...

Greece Needs Loan to Buy Back Debt

Greece’s complicated loan deal with international lenders includes a scheme to let Greece buy back some of its debt at a big discount, but Finance Minister Yiannis Stournaras said the government would need to borrow as much as $18.18...

Avramopoulos Cancels Albania Trip Over Flap

Greek Foreign Minister Dimitris Avramopoulos canceled a trip to Albania after that country's Prime Minister Sali Berisha referred to a “greater Albania” including areas that belong to Greece, ahead of celebrations to mark the centenary of the Balkan country’s...

Samaras Tells Ministers: Jobs, Development Next

After winning approval from Eurozone finance ministers and the International Monetary Fund for the release of $56.7 billion of rescue loans as part of a second bailout of $172 billion, Greek Prime Minister Antonis Samaras is turning his attention...

German Media Lashes Ceaseless Greek Bailouts

A new bailout deal for Greece approved by Eurozone finance ministers and the International Monetary Fund (IMF) is being celebrated by Prime Minister Antonis Samaras as a triumph, but German media accused its government of lying over the real...

SYRIZA's Lead Grows Over New Democracy

A poll taken just before Eurozone finance ministers agreed on a deal to release $56.7 billion in new bailout loans to Greece over the next few months showed that the lingering recession and austerity have given the major opposition...

Mousouroulis Tells Greek Shippers: Fly the Flag

Greek Minister οf Shipping, Maritime Affairs & The Aegean, Kostis Mousouroulis, while visiting London to lure more ships to the Greek registry, said they are a key revenue source for Greece. "Since we are affected by the current financial...

Despite Greek Debt Deal, OECD Sees Recession

Even as Greek Prime Minister Antonis Samaras said the pending release of a $56.7 billion in a first series of installments in a second bailout of $172 billion has saved Greece, the Organisation for Economic Co-Operation and Development (OECD)...

Greek Migrant Ashton a Top Canadian MP

Maclean's, Canada's most prestigious weekly current affairs magazine, ranks Member of Parliament Niki Ashton among the most active lawmakers of the year 2012, based on her effectiveness in serving her constituency. Ashton, who was elected as a New Democratic Member...

Cypriot’s Troika Bailout Deal Still Elusive

While Cypriot officials said on Nov. 23 they had reached a deal with international lenders for a bailout, no agreement has been reached and the prospects are still fraught with problems. According to the newspaper Fileleftheros, the first test will...

Samaras: Dark Period for Greece Has Ended

Prime Minister Antonis Samaras welcomed a debt deal agreed by lenders to unlock long-delayed aid, promising skeptical Greeks a new dawn after months of haggling under the threat of bankruptcy, although critics said all he has done is ensure...

Greece Will Have To Wait On Loan

It took a while but Prime Minister Antonis Samaras’ uneasy coalition government got some relief when Eurozone finance ministers – on the third try – finally agreed to a complicated deal that would lead to the release of 43.7...

Borg Says Greek Debt May Need More Talks

Swedish Finance Minister Anders Borg said on Nov. 27 that he was positive on a deal reached on debt relief for Greece but that further talks on loans might be needed already next May. "Most probably, we are back to...

Vassileiou Says Erasmus Program Under Threat

The Erasmus program, the students exchange program which takes place in Europe every year is under threat due to a lack of funding, European Commissioner Androulla Vassileiou from Cyprus said. The European Union's Member States have failed to come...

Greek Jews Strategize on How to Combat Golden Dawn's Anti-Semitic Streak

Community leaders already have begun a campaign to educate Greeks about the dangers of allowing a Nazi-like party to flourish, and Greek Jews are trying to figure out what more they can do to arrest Golden Dawn’s rise. For every Jew who lives in Greece, there are about 100 Greeks who voted for the country’s far-right party, Golden Dawn, last spring.