Calamos Supports Greece

Politics

Papoulias Assures of his Country's Steadfast Support to Cyprus

Despite the lack of contribution on the part of the Turkish side for a comprehensive, just and viable settlement of the Cyprus problem that will be based on UN Security Council decisions and will abide by the EU principles...

Greece’s Next Plan: Pay You Back in 100 Years

ATHENS - Struggling to pay back international investors who are demanding – and getting – usurious interest rates nearing 70 percent for two-bonds, Greece is reporting considering a new idea to pay them back – in the 22nd Century. One...

Greek and French Leaders Meet About Debt Crisis‎

The Greek premier met France's President Nicolas Sarkozy at the Elysee Palace, a day after German lawmakers threw the ailing eurozone a lifeline by agreeing to boost the bloc's 440-billion-euro ($590-billion) bail-out fund. President Nicolas Sarkozy said Greece's leader pledged...

Troika Demands Immediate Job Dismissals

With the labour reserve measure as a spearhead, the Greek government continues negotiating with the Troika to finalize the State Budget by Sunday. Information indicates that international lenders dispute the sufficiency of the announcement on the labour reserve, and call...

China Ηonors Crete for Aiding its Citizens' Transport

A Chinese delegation arrived today at Crete and expressed its will to honor the Greek island for the great help and support it has offered during the transport proceedings of Chinese citizens working in Libya. The delegation paid visit to...

Greek-Turkish Dogfight Over Athens FIR

According to Ethnos daily, an extreme Greek-Turkish dogfight  emerged three times yesterday afternoon over the North and Central Aegean Sea, with the Turkish pilots violating Athens FIR despite Greek pilots’ warnings. In total, 12 Turkish F-16 fighter jets violated North...

Oct. 13 is D-Day (Decision, Not Default) for Greece

ATHENS -  Greece will know on Oct. 13 whether international lenders will release an $11 billion loan installment needed to keep the country from going bust and unable to pay its workers and pensioners, German Finance Minister Wolfgang Schauble...

Greek Couple Sues Government for Their ”Haunted” House

A Greek couple has sued the NSW government for not helping them sell or simply get rid of their “haunted” house in Sidney. Previous renters of the Alexiou’ house were a couple now serving jail sentences for life for letting...

Government Divided On Public-Sector Job Cuts

Greek government is divided over a controversial plan to cut tens of thousands of jobs in the public sector as it has promised the country's international creditors, with some agencies declining to put forward layoff plans. Two senior government officials...

Papandreou Plans To Meet French President On Friday

Prime Minister George Papandreou plans to travel to Paris on Friday, after meeting German Chancellor Angela Merkel, to discuss the Eurozone debt crisis with French President Nicolas Sarkozy, according to Reuters. The news agency cites a Greek official with...

Protesters Try to Block Troika's Return

Scores of protesters occupied Greece's finance ministry and other ministries to disrupt a visit by officials from the country's international lenders, who are expected to arrive in Athens midday to assess Greece's eligibility to receive its next tranche of...

Greek Prime Minister to Visit Ankara

"Georgios Papandreou plans to visit Turkey to upgrade bilateral ties in all fields", according to a statement of an official from Recep Tayyip Erdoğan’s office to the Hürriyet Daily News. Greek Prime Minister Georgios Papandreou, accompanied by a number of...

National Water Monitoring Network at Risk

The Government issued a decision this week concerning the creation of a national network that will monitor the quality and size of Greek water reserves. The government aims in this way to provide the country with a solution against...

Syriza Reacts to Government's Policy

SYRIZA group leader, Mr. Alexis Tsipras called yesterday PASOK’s policies “disastrous” for the Greek economy and the country as well. According to Mr. Tsipras, the government’s policies will inevitably lead the country to default and he accused Germany for trying...

Venizelos’ Tax Shift Causes Confusion Over Receipts

ATHENS – Finance Minister Evangelos Venizelos, who has levied a series of taxes and penalties on workers, pensioners and the poor, said taxpayers will have to pay a penalty in 2012 unless they can produce receipts for their expenditures....