Calamos Supports Greece

Politics

Opposition Widens Poll Lead

According to a poll in the Sunday edition of the Proto Thema newspaper, the center-right New Democracy party holds a 5.8 percentage-point lead over the Socialists. A second poll in the Eleftheros Typos newspaper recorded a six percentage-point lead...

In Washington, Venizelos Tries to Convince Skeptical World

Even while Greek Finance Minister Evangelos Venizelos was busy in Washington trying to persuade everyone that Greece will not default, although it is drowning in debt and misery over deep pay cuts, tax hikes and slashed pensions while tax...

Pangalos Against Exemption of the Church from Taxation

Government vice president, Theodoros Pangalos has stated that he disagreed with the exemption of the Church of Greece from taxation. Pangalos also stated that this was not the best time for the sale of the Public Power Corporation. In...

Finance Minister Dismisses Discussions, Rumours That Distract Attention

Greece will do everything in its power in order to implement fully and on time all EU decisions of July 21. When asked to comment about articles in the press in regards to various scenarios that concern sovereign debt management,...

Communist MP Liana Kanellis Outraged in Greek Parliament

Liana Kanellis, an MP of the Greek Parliament appeared today evening at the Parliament and held a speech about the financial situation. To illustrate her point, the KKE (Greek communist party) member  brought bread and milk to the...

European "Union": Goodnight and Good Luck, Greece

"You either keep your word and push the mid-term program immediately or you will not be given the next trench", said Troika officials to George Papandreou and Evangelos Venizelos. Surely it must[...]

Pangalos: 70000 Layoffs in Public Businesses

In his interview to the Swiss newspapers “Tribune de Geneve” and “24 Heures”, the Vice President of the Greek government, Theodoros Pangkalos said that ca. 70,000 job positions in the public sector will be lost due to new merging...

Olli Rehn: Will Not Allow Greek Default, Euro Zone Exit

The European Union will support Greece, but the debt-stricken country needs to do more to implement the promises it has made, the EU commissioner for economic and monetary affairs said Thursday. "An uncontrolled default or exit of Greece from the...

Opposition Reacts Harshly to New Squeeze

The initial reactions of Greek opposition parties to the new austerity measures announced by the government after a lengthy meeting of the government commission lasting over 6 hours are very harsh. Giannis Michelakis, the spokesman of Nea Dimocratia, the...

Athens Deplores Turkey-TRNC Deal for Off-Shore Research

Greek Ministry of Foreign Affairs Spokesman Gregoris Delavekouras deplored on Wednesday the ''delimitation agreement'' signed by the occupying regime in Cyprus and Turkey as ''inconsistent with international law'', as CNA reports. In response to Cyprus exploratory drillings in its Exclusive...

Government Announces New Austerity Measures‎

Government will cut pensions, extend a property tax hike and put tens of thousands of public workers on notice as part of a deal to continue receiving aid funding from its international lenders, government officials said on Wednesday. Government spokesman...

Statistician Says Greece Played Numbers Game, Inflated Deficit

ATHENS – Charges by a former board member of the Hellenic Statistical Authority (ELSTAT) that the government deliberately inflated the size of the 2009 economic deficit has prompted an investigation into possible wrongdoing and a criminal complaint that its...

Soccer Club Owner in Match-Fixing Scheme Gets Off Again

ATHENS – A businessman and soccer club owner who had been on the run for two months after being charged with fixing games before being apprehended will be let go after a judge declared there was not enough evidence...

Papandreou-Merkel To Meet In Berlin Next Tuesday

Greek Prime Minister George Papandreou and German Chancellor Angela Merkel will meet on Tuesday in Berlin, according to the latter’s spokesman Steffen Seibert. They will discuss about the economic situation in Greece, the country΄s efforts to consolidate its budget, and...