Calamos Supports Greece

Antonis Samaras

Samaras Stripping Greeks' Civil Liberties

Greek Prime Minister Antonis Samaras’ plans to repeal laws granting citizenship to second-generation immigrants who were born in Greece, speak Greek and go to Greek school, and his embarrassing double jeopardy re-trial of an investigative journalist who revealed the...

Greece to Clear EUR5B Debt Hurdle

Greece on Friday was in the process of repaying a 5-billion-euro ($6.4 billion) treasury bill with money raised from another debt issue this week, thus avoiding a payment default, a debt management agency source said, according to Wall Street...

Samaras Seeks Migrant Citizens Law Repeal

With his New Democracy Conservative party rapidly losing support to the soaring neo-Nazi anti-immigrant party that has 18 seats in Parliament, Prime Minister Antonis Samaras has proposed repealing a law granting citizenship to second-generation immigrants who were born in...

Court Puts Doubt On Migrant Citizenship Law

The Council of State, Greece's highest administrative court, has called into question legislation that granted citizenship and voting rights to second-generation immigrants living in the country, the daily Kathimerini reported. Known as the Ragousis law, after Interior Minister Yiannis Ragousis...

Thessaloniki Mayor Refuses Layoff Order

Thessaloniki’s Leftist Mayor Yiannis Boutaris, who earlier said he could operate the city with half its staff, now has refused government orders to lay off workers as demanded by international lenders, a stance that has other mayors across Greece...

Greece Sinks Deeper Into Recession

While Prime Minister Antonis Samaras is waiting for international lenders to release a long-delayed $38.8 billion installment, new figures show the country's economy worsening in the third quarter of this year, with output shrinking 7.2 percent on an annual...

Greece Raises $5.15 Billion to Cover Loan

Waiting on a desperately-needed $38.8 billion installment from international lenders as the country is running out of cash, Greece raised 4.06 billion euros ($5.15 billion) on Nov. 13 from the sale of short-term treasury bills – money it will...

Eurozone to Meet Again on Greek Aid, Clashes with IMF

Eurozone finance ministers agreed Monday to meet again November 20 to clear the way for a long-delayed Greek aid payment, but a proposal to change its debt reduction deadline sparked the ire of the International Monetary Fund. Eurogroup head Jean-Claude...

Troika: Two More Years for Greece to Cost 32.6 bln Euros

Plans to give Greece extra time to meet deficit-cutting targets would open up a financing gap of around 15 billion euros ($19 billion) through 2014 and 17.6 billion euros in the two following years, the country’s creditors said. The “troika”...

Austerity Budget Done, Greece Waits on EU

Having done its job – approving a $17.45 billion spending cut and tax hike plan and an austerity budget, Greece is now waiting for its international lenders to hand over a long-delayed $38.8 billion installment in return as promised....