Calamos Supports Greece

Politics

Many Greek-Australian Candidates Running for Office

As Australians ready to vote in the Sept. 8 New South Wales local government elections, they will find a number of Greek-Australians on the ballot, who have plastered posters all around neighborhoods dominated by their countrymen, the newspaper Neos...

Little Work, But Greek Privatization Advisors Paid Millions

As Greece’s privatization board remained mostly dormant from July of 2011 to March of 2012, the government paid its workers and advisors nearly $8.74 million in salaries and expenses, according to data presented to the Parliament. The monies were paid...

Police, Uniform Services Protest Paycuts

Thousands of Greek police, firefighters and coast guard officers gathered Thursday in central Athens to protest a new round of wage cuts, expected to be announced by the government as part of the 13.5 billion euros ($17 billion) in...

Without a Mosque, Greece's Muslims Go Underground

Muslims in Greece are being left to pray in basement apartments, coffee shops, garages and old warehouses, many of which are targets of arsonists, as the Greek government has stalled for over a decade in building an official mosque. “All...

Golden Dawn Rises Again, Overtakes PASOK

Capitalizing on growing social unrest over record unemployment, resentment against immigrants and rising crime, and planned new government austerity measures, the neo-Nazi Golden Dawn party has jumped into third place in popularity among Greek political parties, overtaking the once-dominant...

EU’s Education Chief Vassileiou Gives Literacy Warning

In a speech in Nicosia in her home country of Cyprus, The European Union's Education, Culture, Multilingualism and Youth Commissioner Androula Vassileiou said that illiteracy is still a lingering problem in many countries. She was speaking at a conference organized...

Greek Unemployment Soars to 24.4% As Unrest Grows

As Greek Prime Minister Antonis Samaras’ coalition government is set to unleash more pay cuts, tax hikes and slashed pensions on beleaguered Greeks, there was new evidence that the austerity measures have backfired with a report showing the country’s...

Greek Judges, Lawyers, Court Workers Protest Salary Cuts

In a rare demonstration, Greek judges, prosecutors and court workers gathered on Sept. 5 at the country’s Supreme Court to oppose pending reductions in their wages. Other professions who get so-called “special salaries,” including police officers, firefighters, Coast Guard...

Schaeuble Says No Third Bailout for Greece

German Finance Minister Wolfgang Schaeuble, who has continually been warning Greece to impose more austerity measures and make more spending cuts, said there will be no third bailout for the cash-strapped country. Greece is surviving on a first series of...

Greece's Ionian Islets First to Go Under Privatization

While Greeks are struggling with major financial problems, some international investors have found the perfect moment to buy a small part of heaven in the crystal clear waters of the Ionian Sea and the Ambracian Gulf. The islet Pera Nissi...

Erdogan Reiterates Support for Muslim Minority in Thrace

Turkish Prime Minister Recep Tayyip Erdogan has sent a congratulatory message to the Fraternity, Equality and Peace Party (DEP) in Greece to mark the 21st anniversary of the group, which was founded by members of the minority community...

German Economist Says Greece Must Quit Euro

Greece needs to leave the Eurozone and bring back the drachma if it wants to get back on its feet and return to growth, Manfred Neumann, Professor of Economics at the Institute for Economic Policy at the University of...

Stuck in Crisis, Greece Just Can't Compete

Greek Prime Minister Antonis Samaras’ hopes of bringing in development to help Greece grow out of recession and a strangling financial crisis took a hit with a finding that the country’s competitiveness has fallen seven places, ranking 90th in...

Study Says Instant Austerity Will Worsen Greek Recession

Greek Prime Minister Antonis Samaras’ failure to get a two-year delay for more austerity measures that international lenders want applied immediately will be costly, a state-sponsored study has found, because it will keep the country in recession even longer. Samaras’...

Gerry Sklavounos Re-elected in Quebec Provincial Election

A Quebec politician of Greek origin, Gerry Sklavounos, has been re-elected for the third time - with a 2,000-vote margin, as a Liberal Member of the National Assembly for the electoral district of Laurier-Dorion, where the Greek community has...