Calamos Supports Greece

Politics

Greeks & Diaspora Bond Holders Will Take Big Losses Too

ATHENS  - Greeks and those in the Diaspora who bought Greek bonds to support Greece during its economic crisis will not be exempt from an agreement the government made with private investors to write down the country’s debt and...

Greeks in Sydney and Melbourne Head to Polls for PASOK Presidential Election

Greek-Australians will be able to vote on Sunday for the new president of the Greek PASOK party as polls have been set up both in Sydney and Melbourne. Although the only candidate for the upcoming elections is Evangelos Venizelos, the...

Benefits for Greek Jobless Will be Slashed Too

ATHENS – Greece’s 1,033,507 unemployed – and counting – will have their monthly benefits cut by 22 percent, dropping their only source of income during the economic crisis from $604.89 to $471.89, to keep pace with a similar cut...

Vice President of Greek Parliament Receives Austrian Ambassador

Vice President of the Hellenic Parliament and President of the European Affairs Committee, Mrs. Rodoula Zisi, held a meeting with the Austrian Ambassador to Greece, Mrs. Melitta Schubert. Welcoming the Austrian official, Mrs. Zisi congratulated her on taking office as...

Greek MP Announces New Political Party

Independent MP Panos Kammenos, a former member of New Democracy, presented the founding declaration of his new party "Independent Greeks" on Sunday, from the symbolic location of Distomo, the tragic scene of Nazi atrocities during WWII. A key element of...

German Language Course Launched in Greek Elementary Schools and Restored in Lyceums

Starting from the new academic year in September 2012, pupils of elementary schools will be able to choose between French and German for their second foreign language course. German language courses will also be re-introduced in the first grade of...

New Greek Migrants Are Welcome to Visit Australia

The state and federal government of Victoria is encouraging Greeks who are suffering under the burdens of the debt crisis plaguing their country, to migrate to Australia in search of a new job and better life prospects, according to...

Markoullis Protests Violation of Religious Rights in Occupied Cyprus

Foreign Minister Erato Kozakou Markoullis has protested the continuous violation of the rights of Greek Cypriots, enclaved in the island’s northern Turkish occupied areas. Addressing an informal meeting of her EU counterparts, she said that since the 1974 Turkish invasion...

Samaras Tells Greeks: Give Me a Majority, No Coalition

ATHENS - New Democracy Conservative leader Antonis Samaras, confident his party will prevail in upcoming elections, has urged Greeks to give him a mandate so that he doesn’t have to form a coalition government with his bitter rival PASOK...

Venizelos Will Run Unopposed for the Leadership of the Socialists

Greek Finance Minister Evangelos Venizelos will run unopposed for the leadership of the Socialists, party officials said on Sunday, as the political focus shifts towards a parliamentary election now that Athens has secured a bond swap deal. Venizelos, 55, won...

Schaeuble: Notion Germany Trying to Control Europe 'Stupid'

The notion that Germany is seeking to "occupy" Greece or control Europe through its economic might is "stupid", German Finance Minister Wolfgang Schaeuble told a Greek daily on Sunday. Schaeuble added that Berlin is "ready to do whatever is asked"...

Venizelos Says His Pasok Party to Defy Slump in Polls

Greek Finance Minister Evangelos Venizelos said his socialist Pasok party, which is preparing to elect a new leader March 18, will defy polls showing a slump in support. “Our goal is victory, Pasok as the first party, upsetting the polls,”...

Socialist Leader George Papandreou Steps Down as Snap Election Looms

Greek socialist leader George Papandreou on Saturday formally stepped down to enable his struggling party to elect a successor in time for a snap election expected next month. "The time has come for me to wage my battles from other...

Papademos Urges Greece: Don't Waste This Chance

ATHENS – With the biggest restructuring of public debt ever agreed upon, writing off $134 billion in Greece’s debt but at the cost of a technical default, interim Prime Minister Lucas Papademos said he doesn’t want Greece to return...

Fitch's Downgrades Greece to "Restricted Default" After Bond Swap

ATHENS – The deal in which Greece forced investors to take 74 percent losses so that the country could write down $134 billion in debt came with a price: being declared unsafe for creditors. The Fitch ratings agency downgraded...