Calamos Supports Greece

Politics

Leaders Face Crunch Talks as Unions Strike

Greek leaders face crunch talks on Tuesday to secure a new international bailout and avoid a chaotic debt default, caught between EU demands that they accept painful reforms immediately and a national strike against more austerity. Prime Minister Lucas Papademos...

Greece Gives In, Will Fire 15,000 and Slash Minimum Wage

ATHENS – In a move that seems certain to stoke worker outrage just before a general strike and protests, Greece’s coalition government has reportedly agree to international lenders' demands to fire 15,000 public workers this year and cut the...

Unions Call 24-Hour Nationwide General Strike Tuesday

Greece's two major umbrella unions said Monday they will hold a 24-hour nationwide general strike Tuesday over new austerity measures, and warned that further labor protests might follow. The strike comes as Greece's political party leaders are due to resume...

Coalition Partners Talks Postponed For a Day‎

German Chancellor Angela Merkel told Greece on Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country's political leaders responded by delaying their decision for yet another day. Failure to...

Οmirou: Appreciation for Australia’s Support

House President Yiannakis Omirou expressed in Melbourne Cyprus’ appreciation for the continuous support of the government and political parties of Australia to the struggle of the Cypriot people to reach a just Cyprus solution. Omirou, heading an inter-party delegation of...

Greek Uncertainty Pushes Down Euro as Deadline Nears

The euro fell broadly on Monday on investor concern that Greek coalition parties had yet to sign off on the terms of a new bailout with a deadline imminent, keeping alive the risk of a messy default which could...

With Greece on “Razor’s Edge”, Lenders Insist: Comply or Default

ATHENS – As Interim Prime Minister Lucas Papademos tried to keep leaders of his coalition together in a desperate attempt to win a consensus on reforms needed to keep international aid coming, the government was told it has no...

Critical Greek Bailout Talks to Resume Monday

Crisis talks on a debt deal for Greece among the three leaders of parties supporting the coalition government were suspended and will continue on Monday. The three party leaders held a five-hour meeting late Sunday with Prime Minister Lucas Papademos...

Most Germans Want Greece to Quit Euro

The majority of Germans feel the euro currency bloc would be better off if debt-crippled Greece left it, a poll published in mass-selling newspaper Bild am Sonntag showed on Sunday. The Emnid poll said 53 percent of Germans surveyed thought...

Juncker: No More Help For Greece if Greece Can't Reform

Eurogroup head Jean-Claude Juncker told Germany's Spiegel magazine in an interview pre-released on Saturday that help for Greece won't be coming at any cost and explicitly threatened the country with bankruptcy if it doesn't get its act together. He said,...

Venizelos: Greece Has 24 Hours to Clinch Debt Deal

Greece has one day left to clinch a eurozone bailout and a bond swap with creditors to manage its crushing debt repayments, the finance minister said Saturday, warning that talks were "on a knife edge." "The moment is very critical,"...

Dora Bakoyiannis and Anna Diamantopoulou Booed By Protesters

Dora Bakoyiannis received the strong disapproval of the people of Thermaikos while entering the mayoral building in order to attend the meeting of the Municipal Chamber that had invited her. Members of the Independent Initiative of the People of Thermaikos...

Political Leaders Hold Off Talks Until Sunday

A meeting of Greek political leaders has been postponed for Sunday as there is still no agreement with the country's creditors over painful new austerity measures, a Greek cabinet minister said Saturday. "We are still at odds with the troika,...

Greece Debt Reduction Deal Nears, but Second Needed

ATHENS – Just as Greece is seeking a second bailout to keep its economy from failing and defaulting on its loans under the weight of a staggering $460 billion debt - $41,818 for every man, woman and child in...

Greek Union and Employers Form Common Front Against Wage Cuts

Greece's private-sector umbrella union, GSEE, and the country's business groups agreed on Thursday to form a common front to oppose wage cuts, a move that could set them on a collision course with demands made by Greece's international creditors. Following...