Calamos Supports Greece

Politics

Greek Motorcyclists Take to the Streets to Protest Against Austerity

Greek motorcyclists will hold a protest rally outside the Greek Parliament against the new package of austerity measures to be implemented in Greece on Wednesday, February 22. The bill that includes cuts in salaries and pensions will be introduced...

Eurogroup Agrees On Greece's Second Bail-Out Package

Eurozone (Eurogroup) finance ministers announced that they have reached a deal with Greece on a second bail-out package. The basic elements of which are: The Commission will bolster its presence in Athens so as to provide technical assistance; Greece...

Greek Jewish Leaders Concerned Over Far-Right Lawmakers’ Move To Leading Party

Greek Jewish leaders are expressing concern over the move by two far-right lawmakers to the leading conservative party. Makis Voridis and Adonis Georgiadis resigned from the far-right Popular Orthodox Rally, or LAOS, and will run as candidates of the New...

Euro Zone Agrees 2nd Greek Bailout Deal Worth EUR130 Billion

Greece and its creditors have reached a final deal on a second, enhanced rescue package for the country totalling EUR130 billion, officials close to the talks said early Tuesday. Officials said the deal will require Greece's private creditors to take...

Greek Finance Minister: "Greece Has Fulfilled All Conditions for Bailout Loan"

Greece has fulfilled all the conditions for approval of a 130 million euro second EU/IMF bailout loan, Greek finance minister Evangelos Venizelos said on Monday in Brussels ahead of a critical Eurogroup meeting, adding, however, that negotiations were continuing. "Greece...

Voters Increasingly Backing Smaller Parties, Polls Show

The number of political parties in Greece’s parliament would increase to eight or nine from a current five if an election were held now with voters likely shunning Pasok and New Democracy, the two largest parties, in favor of...

Papademos Headed for Brussels

Prime Minister Lucas Papademos is on his way to Brussels a day ahead of a crucial Eurozone finance ministers' meeting that will discuss a euro130 billion bailout for Greece. Papademos had not been expected to attend the summit. His office...

Tax Revenue Could Flow Into Escrow Account

A European Union official says some euro countries are pushing for Greece to funnel government revenue into a separately managed account dedicated to servicing the country's debts — an unprecedented intrusion into a sovereign country's fiscal affairs. Germany has made...

Riot Police Guard Greek Assembly as Protesters Gather

Riot police shielded Greece's national parliament on Sunday as demonstrators protested against austerity measures on the eve of talks in Brussels on a 130-billion-euro  bailout needed to avert bankruptcy. Hopes for a deal at the meeting of euro zone finance...

Schaeuble Shows Sympathy for Greeks' Plight

German Finance Minister Wolfgang Schaeuble said he felt great sympathy for the people of Greece in their efforts to restart their economy and put their finances in order, in an interview to be published Sunday. "I very much empathize with...

Cabinet Dacks Extra Austerity Measures

Greece's cabinet on Saturday approved a final set of austerity measures sought by the EU and IMF as a condition for a 130-billion euro rescue package, raising the chances of a deal next week to avert a chaotic default...

Samaras, Papandreou Renege on Vows to Save Pensions

ATHENS – Only days after they said they had saved pensioners from cuts as part of a second bailout of $169 billion – which still hasn’t been agreed up by international lenders – the leaders of the Socialist PASOK...

President of Greek Republic Meets With NATO Secretary General in Athens

President of the Republic Karolos Papoulias received visiting NATO secretary general Anders Fogh Rasmussen on Thursday, who is in Greece to commemorate the 60th anniversary of Greece's membership in the Alliance. Papoulias expressed to the NATO chief aggravation over continuing...

Elections in Greece Possibly in April 29

According to governmental sources, early parliamentary elections could take place in upcoming April on the 29th, after the Greek bond swap deal will be completed during the Eurogroup meeting on the following Monday. Given the date of the early elections,...

Merkel Optimistic Greek Deal Can Be Agreed Monday

The leaders of Germany, Italy and Greece are "optimistic" that a deal on a second massive bailout for Athens can be clinched next week, a spokesman for German Chancellor Angela Merkel said Friday. Agreement on a second, €130 billion ($170...