Calamos Supports Greece

Angela Merkel

Avramopoulos Wants German WWII Reparations

Greece, after shying away from testing Germany, the biggest contributor to international bailouts propping up the Greek economy, said it will press for payments of reparations from damages caused by the Nazis in World War II. The Finance Ministry has...

Germans Say Greeks, Cypriots Hide Riches

Der Spiegel’s front-page of April 15 had the provocative title, The poverty lie. How the countries in crisis cover up their riches, showing on its cover a man on a donkey carrying big sacks of money under an EU...

President Papoulias Meets AHEPA Delegation

President of the Greek Republic, Karolos Papoulias, received a delegation of the Hellenic American Educational and Progressive Association (AHEPA) at the Presidential Mansion. “We have made great progress. Many things can be done until the end of this year and...

Greece and Cyprus Leave Eurozone, Adopt Dralira

Saying they would no longer put up with being told what to do and to keep imposing pay cuts, tax hikes, slashed pensions and seizing bank accounts so that foreign bankers putting up bailout loans could be paid back,...

Schaeuble Says Critics Envy Germany

Beaming over Germany's success in imposing its will and forcing Cyprus to confiscate up to 80 percent of uninsured bank deposits to get releae of a 10 billion euros ($13 billion) international loan, much of it coming from his...

Cyprus Runs Up The White Flag To Bankers

On Feb. 25, conservative lawyer Nicos Anastasiades, promising Cypriots he would never allow foreign entities to steal money out of their bank accounts to pay for mistakes the banks made, was easily elected the island’s new President. On March 25...

Cyprus-EU Talks Resume, Zero Hour Looms

Eurozone officials met in Brussels on March 24 with Cypriot officials as negotiations resumed on whether the island country's government could satisfy lender demands, including for a bank confiscation tax, to trigger release of a 10 billion euros ($13...

Cyprus OK's Partial Bailout Plan

With the clock running fast toward a possible bank collapse and default unless they came up with a plan to raise 5.8 billion euros ($7.5 billion) to secure a 10 billion euros ($13 billion) bailout from international lenders, Cyprus'...

Madame Merkel's Rule Goes Viral

The Moscow Times depicted the crisis in Cyprus and the Eurozone with the image of a faux Renaissance painting with all the major protagonists, with the focus on German Chancellor Angela Merkel dressed as a tavern woman. The picture...

Merkel Warns Cypriots To Give In

German Chancellor Angela Merkel, whose country is insisting that Cypriot bank depositors help pay the cost of a crisis they didn't create, said that the Eurozone will not relent on that demand and warned Cypriots: "Don't try our patience."...