Calamos Supports Greece

Politics

Golden Dawn Lawmaker Whips Corinth Mayor

ATHENS – With its lawmakers already charged with assaulting two rivals, the neo-Nazi Golden Dawn party is dismissing a second assault, that of Corinth Mayor Alekos Pnevmatikos with a whip by another of its Members of Parliament, Efstathios Boukouras,...

Greek Coalition Eyes More Pension, Wage Cuts to Close Gap

ATHENS – Days after Greek Prime Minister Antonis Samaras and his coalition partners said they would not again cut wages and pensions as part of a $14.16 billion savings plan to satisfy international lenders, they are reportedly ready to...

Samaras Says Greece Needs More Time But Won't Ask

ATHENS – With new estimates that a five-year-recession worsened by austerity measures demanded by international lenders has created a $37 billion gap in recovery plans, Prime Minister Antonis Samaras has given Greece’s creditors a letter explaining that the country...

Piraeus Bank Takes Over Ailing ATEbank

ATHENS – The Greek government has agreed to hand over the performing loans and healthy assets of nearly-insolvent state-run ATEbank to the privately-run Piraeus Bank to keep it from closing, but the toxic assets will be given to the...

ECB, Eurozone Taxpayers Could Get 30% Greek Haircut

ATHENS – After stiffing private investors for 74 percent losses earlier this year on their holdings in Greek bonds, Greece may also give a so-called “haircut” of 30 percent losses to the European Central Bank (ECB) and the 16...

Greece Set to Slash Health Care, Welfare, Pensions, Salaries

ATHENS - Backtracking from campaign promises to hold the line on more austerity measures, Prime Minister Antonis Samaras was set to meet on July 27 with international lenders providing critical bailouts to Greece as his government is reportedly ready...

Was the Disqualification of Voula Papachristou from the Olympic Games Justified?

The incident of the disqualification of Greek champion Voula Papachristou form the Olympic Games of London due to a racist comment on twitter is part of a big conversation that has started in Greece after the recent national elections...

Barroso Tells Samaras: We Want Results, Not Words

ATHENS – European Commission President Jose Manuel Barroso, in his first visit to Greece in three years, told new Prime Minister Antonis Samaras that international lenders want results in implementing more reforms if the country wants to keep rescue...

Another Delay in Deciding $15 Billion in Budget Cuts

ATHENS – After vowing during the campaign before the June 17 election to hold the line on more austerity measures demanded by international lenders in return for bailouts, Greek Prime Minister Antonis Samaras’ uneasy coalition government has reportedly agreed...

Reactions To Golden Dawn Party’s Local Chapter in Melbourne

The Australian reported that “a splinter group in the Melbourne Greek community has been condemned for launching a local branch of the extreme right-wing Golden Dawn party.” The article notes that the group has a Facebook page (https://www.facebook.com/xryshavgh.melbourne) and alleges...

September Crunch Time for Greece With Troika's Return

ATHENS – The seemingly endless saga of the rule of international lenders over Greece’s economy will take a summer hiatus but will pick up again in September when inspectors from the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) Troika...

Samaras Changes His Mind Again: No Bailout Renegotiations

ATHENS – Greek Prime Minister Antonis Samaras, who during the campaign before the June 17 elections said he would seek renegotiations of bailout deals with international lenders – but after being elected said he wouldn’t – then said he...

Almunia: Europe Should be Ready to Give Greece More Cash

European Commission Vice President Joaquin Almunia said European countries should stand ready to support Greece, giving the country more financial assistance if needed. In an interview with Dow Jones Tuesday evening, Mr. Almunia said provided Greece had honored its pledges...

Greece Announces Merger Plans for State Agencies

The Greek government announced on Tuesday the merger or cutting of about 20 public agencies in an effort to axe state spending as called for by the country's EU-IMF lenders. In a statement, the ministry said that 5,256 employees from...

Samaras To Meet European Commission President Barosso to Discuss Crisis

The President of the European Commission Mr. Jose Manuel Barosso is coming to Athens in order to meet with the Greek Prime Minister Mr. Samaras. The goal of the forthcoming meeting will be the discussion of the economic situation in...