Calamos Supports Greece

Politics

Greece Will Seize Ex-Minister's Foreign Properties

As former  Greek defense minister Akis Tsochatzopoulos remains in detention during an ongoing probe into charges he stole as much as 1 billion euros, or $1.27 billion, from defense contracts when he was in office, a magistrate investigating the...

UN Fretful Over Immigrant Attacks in Greece

United Nations High Commissioner of Human Rights Navi Pillay says her agency is deeply concerned about recent attacks on immigrants and asylum seekers in Greece and other countries. She said there is increasing discrimination against immigrants, especially in countries hit...

Troika Gets Tough on Greece: Start Firing People

Greek Prime Minister Antonis Samaras’ hopes to get a quick sign-off from international lenders on his uneasy coalition government’s plan to make $14.6 billion in spending cuts the next two years were dashed when they told him the projections...

Vithoulkas Loses Bid to Be Mayor of Sydney

Angela Vithoulkas, who had been rising in expectations that she could pull an upset, lost her bid to be elected Mayor of Sydney, Australia’s largest city, to incumbent Clover Moore, who easily trounced a field that included three other...

Troika and Greece Can't Agree on Spending Cuts

Envoys from international lenders have said they doubt whether some $2.8 billion in projected savings as part of a $14.6 billion spending cut plan devised by the government led by Greek Prime Minister Antonis Samaras can be achieved, temporarily...

Merkel Calls for Solution to Keep Greece in Eurozone

German Chancellor Angela Merkel called for a solution to keep Greece from leaving the eurozone this autumn, the weekly Der Spiegel said in a report to appear Monday. "We must find a solution for Greece," Merkel told her inner circle,...

Golden Dawn Attack Market Vendors

Members of Greece’s extreme-right Golden Dawn party are under investigation for posing as police. It comes after the emergence of a video which appears to show the group’s supporters in the town of Rafina, near Athens, asking to see migrant...

Samaras Says Greece Needs Cash – Fast

Greek Prime Minister Antonis Samaras, still trying to convince reluctant partners in his uneasy coalition government to renege on their campaign pledge and agree to $14.16 billion in spending cuts aimed primarily at workers, pensioners and the poor, said...

Golden Dawn Assails Electronic ID's for Greeks

Greek Interior Minister Nikos Dendias, who has vowed to “crush” lawbreakers in the neo-Nazi Golden Dawn party, has tangled with them again, this time over government plans to issue electronic identification cards. Christos Pappas, one of the 18 Members of...

Greek Judges Will Strike Over Pay Cut Plan

Angry they are included in a group of professionals whose so-called "special salaries," will be cut, Greek judges said they will strike from Sept. 17-22, slowing down a court system already clogged with delays up to 10 years. After a...

Protesting Greek Buses Close Albanian Border in Kakavia

More than 60 Greek long-distance intercity buses (KTEL) gathered in Kakavia at the  Greek-Albanian border to protest the government's decision allowing Albanian inter-city buses to enter Greece without paying any taxes as Greek bus owners do and said they...

Samaras: Greece Must Regain Credibility to Stay in Euro Area

Greek Prime Minister Antonis Samaras said his two-year 11.5 billion euros of spending cuts contained unfair and painful decisions that were necessary to restore the country’s credibility and keep the country in the euro area. “The truth is Greece came...

Van Rompuy: Greece to Keep Euro, Must Reform

The EU Council President on Friday urged Greece to press ahead with promised economic reforms and improve tax efficiency, insisting that compliance will allow the debt-crippled country to stay in the euro. Herman van Rompuy's comments in Athens came as...

Tsipras Says Samaras Ducking Parliament's Questions

As Greek Prime Minister Antonis Samaras struggles to get his coalition partners to back $14.6 billion in new cuts, main opposition leader Alexis Tsipras of the Coalition of the Radical Left (SYRIZA) has accused the Premier of being afraid...

Greek Judges Plan Strike Over Pay Cuts

Greek judges and prosecutors were to meet on Sept. 7-8 to plan a strike action after a deadlock between unionists representing them and Finance Minister Yannis Stournaras, who insisted the government would go ahead with plans for additional cuts...