Calamos Supports Greece

Politics

Secret Polls Show Extremely Difficult Derby Among Greek Parties

The upcoming elections have to be Greece's most critical in all of  its modern history. Former powerful parties, PASOK and New Democracy, lost many voters on May 6th due to their pro-bailout policy. On the contrary, leftist party SYRIZA...

Εx-PM Papandreou: Samaras and Tsipras, "Two Sides of Same Coin"

With two days until the elections in the country, Greece's former Prime Minister, George Papandreou, has made an appeal to the Greek people, saying that the country's current objective must be to implement widespread reforms. Writing on his personal website,...

“We Are Moving from Being a Western Country to a Third-World Country"

Extreme political uncertainty, rampant corruption, queues forming at soup kitchens, and aid from non-governmental organizations (NGOs)—all these are more commonly associated with countries still developing Western-style economies. “We are moving from being a Western country to a poor country,” George...

Reuters: Central Banks Preparing to Provide Liquidity if Needed After Greek Elections

Major central banks are prepared to move to stablilize financial markets if they are roiled by the result of Sunday's Greek elections, Reuters reported Thursday, citing Group of 20 officials. "The central banks are preparing for coordinated action to provide...

Syriza Wants Greece In Euro Zone Without Loan Agreement

Greece's leftist Syriza party wants to keep the country in the euro zone despite not agreeing to the austerity measures accompanying Athens' second EUR130 billion agreement, its president said Thursday, ahead of this weekend's elections. Speaking at Syriza's last major...

SYRIZA Leader Tsipras’ Privileged Life Belies His Image

ATHENS – As he campaigns himself as a man of the people and a working-class hero, Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras, 37, locked in a tight duel with New Democracy Conservative head Antonis Samaras to...

Clear 100-day Plan for New Greek Government

Regardless of the 17th June election winner in Greece, the new government would be given a final chance, reads an extensive Reuters report citing a German EU official. The report focuses on the progressive deterioration of relations between Germany...

Billionaire Panagiotis Aggelopoulos Backs Leftish SYRIZA Leader Tsipras

The son of Theodoros and Gianna Aggelopoulos, best known for being the president of the bidding and organizing committee for the 2004 Summer Olympics in Athens, has published an article on rednotebook.gr supporting SYRIZA and its leader Alexis Tsipras....

SYRIZA leader Tsipras Agrees that "the Currency is not a Fetish"

Speaking on a show on Greek National Television NET, SYRIZA leader Alexis Tsipras said that "the currency is not a fetish" and that SYRIZA will say "no" to the proposition of the country's remaining in the eurozone if the...

Greek Jobless Rate Hits Record 22.6%; Women, Youth, Hurt Most

ATHENS – Pro-austerity parties got bad news on June 14th, three days before the critical elections that could determine whether parties opposed to pay cuts, tax hikes and slashed pensions win power and vow to end the punishing measures,...

Cyprus May Ask for Bailout Before Greek Elections

Cyprus' Finance Minister warned Wednesday that the eurozone country could seek a European Union bailout to help recapitalize its banking sector before crucial elections in Greece this Sunday. Vassos Shiarly said that the Greek elections - seen as a vote...

Samaras Says He Wants to Change the Troika Deal Too

ATHENS – Changing his tune before the rapidly-approaching June 17th elections and locked in a neck-to-neck duel with Coalition of the Radical Left leader (SYRIZA) leader Alexis Tsipiras whom he criticized for wanting to change the terms of Greece’s...

Hedge Fund Guru Says Greece Already Back to the Drachma

ATHENS – While many Greeks fear that if anti-austerity parties win the June 17 elections Greece could be forced out of the Eurozone, noted hedge fund manager Jason Manolopoulous, who wrote a well-received book on the crisis, said the...

"Golden Dawn" Threatens Hospital Raids Against Immigrants

In an atmosphere that has become increasingly electric before Greece's crucial elections, the far-right Golden Dawn has ratcheted up the rhetoric by threatening to remove immigrants and their children from hospitals and kindergartens. Earning loud applause at an election campaign...

Hibernating Greece Awaits for June 17th Elections

Only four days remain before the June 17th general elections take place in Greece and the country seems to be mesmerized by the ongoing recession and its consequent, progressively deteriorating conditions. Political parties are fighting over any possible share of...