Calamos Supports Greece

Politics

Schaeuble Says Greece Will Get Loan Installment

As German Chancellor Angela Merkel was set to visit Athens on Oct. 9 to meet Prime Minister Antonis Samaras, German Finance Minister Wolfgang Schäeuble said Greece will get a delayed $38.8 billion loan installment that is the last due...

Venizelos Blames Predecessors Over Lagarde List

PASOK leader Evangelos Venizelos, blasted for failing to check on a list of 1,991 Greeks with $1.95 billion in deposits in a Swiss bank, said it wasn’t his fault and blamed his predecessors, former Finance Minister George Papaconstantinou, and...

Schaeuble Says Merkel Visit No Guarantee

German Finance Minister Wolfgang Schaeuble said Oct. 7, that Chancellor Angela Merkel's trip to Greece this week does not mean the debt-stricken country will receive the next tranche of aid for its bailout. "The chancellor will not discuss with Greece...

Fortress Athens: 6,000 Cops to Guard Merkel

German Chancellor Angela Merkel – who many Greeks view as the architect of the austerity measures that have ruined their lives – will likely face angry crowds when she visits Athens on Oct. 9 to meet with Prime Minister...

Greece to Reduce Number of Universities

Education Minister Costas Arvanitopoulos has underlined that "upgrading public universities is a top priority," while at the same time saying that Greece has too many universities, 40 of them for a country of 11 million people, and that the...

For a Lesson in Hardship Look at Greece

Andrew Neather, a journalist from the London Evening Standard, came to Greece to get a first-hand look at what austerity measures hath wrought and wrote that he was stupefied by how difficult life is for so many people. He had...

Greece to Crack Down on Hate Crimes

Reeling from an onslaught of assaults against immigrants - including by extremist group MPs - Athens is proposing to toughen penalties against hate crimes to include a minimum three-year prison sentence. Greece’s current guidelines do not have specific penalties for...

Austerity Talks to Continue, Progress Seen

Greece and its European Union and International Monetary Fund creditors made progress on talks on a 13.5 billion-euro package of austerity measures for the next two years and said negotiations would continue next week. Finance Minister Yannis Stournaras told reporters...

ID's for Aliens of Hellenic Descent to be Good Forever

Minister of Public Order and Citizen Protection Nikos Dendias and Deputy Minister of Interior Charalambos Athanasiou have decided that the Special Identity Card for Aliens of Hellenic Descent and its holders, mostly coming from Northern Epirus, will be permanently...

Greek Teachers’ Salaries Among Lowest in EU

According to the Teachers' and School Heads' Salaries and Allowances in Europe 2011/12 published by the European Commission to coincide with World Teachers' Day, teachers' salaries in Greece are among the lowest in the 17 countries of the Eurozone,...

Greek Judges Threaten MP's With Wage Cuts, Taxes

Angry that their pay is going to be cut as part of new austerity measures, Greek judges – who have been performing only minimal work since Sept. 17 so as not to violate laws forbidding them to strike –...

Samaras Says He'll Get Tough On Protesters

Upset that 350 shipyard workers protesting against not being paid for six months broke their way into the courtyard of the defense ministry and with rising social unrest against more planned austerity measures, Greek Prime Minister Antonis Samaras said...

Μerkel Coming to Athens to Meet Samaras

German Chancellor Angela Merkel, an object of scorn to Greeks angry that she’s insisting on more austerity measures while her country foots much of the bill for bailouts to save the Greek economy, will visit Athens on Oct. 9...

Samaras: 'Till Will Be Empty' in November

Greece’s Prime Minister has said his country can survive until the end of November without receiving the next planned instalment of its bailout loans. Officials from the European Commission, International Monetary Fund and European Central Bank are currently in Greece...

Economy Sinking, Cyprus Seeks $14 Billion Bailout

Unable to pay its bills and needing to recapitalize its banks, Cyprus will ask international lenders for an11 billion euros, or $14.2 billion bailout, the news agency Reuters reported, citing three sources with knowledge of the request. The country’s banks,...