Calamos Supports Greece

Democratic Left

Greece Says Bailout Break Would Help Economic Recovery

Hoping to press the case that Greece needs more time to hit fiscal targets demanded by international lenders, a report from the country’s Finance Ministry said that a possible recovery could be spurred by allowing two more years for...

Greek, American Researchers: Tax Evaders Cost Greece Billions

Leaving their country to struggle through recession and austerity measures, tax cheats have robbed Greece of some 11.2 billion euros, ($13.76 billion) that could be collected, according to Greek and American researchers. Rather than looking at tax records to...

Greece Puts Moratorium on Spending, Except Salaries, Pensions

Under the gun to make cuts or find equivalent savings of $14.16 billion, the Greek government has put a hold on all spending, except for pensions and salaries, and will not pay its bills. The new coalition administration of...

Greek $5 Billion Bond Sale Holds Off Default – For Now

Facing a deadline this month to pay a $3.82 billion loan payment or risk defaulting, Greece has again managed to escape, by selling $5 billion in 13-week treasury bills, mostly to Greek banks who had been recapitalized by the...

Pangalos Says Greeks Still Eating it All Together

Former Deputy Prime Minister Theodoros Pangalos, who stirred anger when he said that the Greek economic crisis was the blame of both politicians and the people who accepted jobs from them, is stirring the waters again with a new...

Samaras Cancels Prime Minister's Annual Economic Address

ATHENS – With Greece’s already-struggling economy sinking fast and his new coalition government unable to find any answers, Prime Minister Antonis Samaras is ending a tradition that has had Greek leaders for years giving an annual economic speech that...

Greece Set to Fire 40,000 Public Workers, Unions Vow Resistance

ATHENS – Under the gun from international lenders to make another $14.16 billion in cuts on top of crushing austerity measures that have hit workers, the elderly and the poor, Greece is set to put some 40,000 workers in...

Greek Coalition Quarrels Over Worker Layoffs

ATHENS – Greece’s already uneasy coalition government is fraying further as a dispute has developed between Conservative Prime Minister Antonis Samaras and his Leftist partners, who said they will not go along with a plan being considered to lay...

Layoffs Coming for Thousands of Greek Workers

ATHENS – Saying that “the numbers don’t add up,” for Greece to make 11.5 billion euros ($14.16 billion) in cuts ordered by international lenders to keep lifeline loans coming, Finance Minister Yiannis Stournaras said the new coalition government is...

German Magazine Brands Tsipras EU Enemy Number 1

ATHENS - Greek Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras, whose party is the main opposition to a new Greek coalition government and has been a firebrand against austerity measures, is the most dangerous politician in Europe,...