Calamos Supports Greece

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Samaras Pushes Hard for a Budget Deal

With his coalition government splintering, Greek Prime Minister Antonis Samaras will meet his coalition partners on Oct. 23 for talks on trying to finalize a $17.45 billion spending cut and tax hike package that has been stalled for months,...

Stournaras Pushes to Wrap Up Troika Deal

Greek Finance Minister Yiannis Stournaras said he hopes he can conclude negotiations with international lenders this week on a long-delayed $17.45 billion spending cut and tax hike plan that is needed to release a locked loan installment the country...

Good Riddance, Venizelos, We Knew You Too Well

It’s almost impossible to overstate how much of a bloated opinion PASOK Anti-Socialist leader Evangelos Venizelos has of himself, even as he is taking the party toward the dustbin of history. Three years ago, PASOK won the elections with...

Greece to Press on With Austerity as Businesses Slam Troika Visits

Greece is to redouble its efforts to reach a deal with its creditors so that the loans it needs are handed over, the country's finance minister said in an interview published Saturday. "We have completed 90 percent of the road...

Samaras Says Cash Running Out, Aid Needed Now

Greece will run out of money in mid-November and needs to receive a delayed $38.8 billion installment from its bailout package as soon as possible, Greek Prime Minister Antonis Samaras said on Oct. 19. “On the 16th of November the...

Samaras Meets Merkel in Brussels

Still pressing his case for support, Greek Prime Minister Antonis Samaras met with German Chancellor Angela Merkel in Brussels on Oct. 19 on the sidelines of an European Union summit meeting which began the day before. She had come...

WSJ: Euro Zone Considers Greek Debt Proposal

Euro-zone countries are considering a proposal that would see Greece cut its debt by buying back bonds held by private creditors at a discount, says Wall Street Journal. According to the report, the exercise, one of a number of options...

Poll Shows Golden Dawn Rising, PASOK Vanishing

The three parties in Greece’s uneasy coalition government are paying a high price for their unremitting support of more austerity measures, with polls showing the ruling New Democracy Conservatives have fallen behind the major opposition Coalition of the Radical...

Greek Labor Law Changes Deemed Unlawful

Greece’s pending $17.45 billion plan for spending cuts and tax hikes demanded by international lenders includes clauses that are unlawful because they violate workers’ rights, a committee of the Council of Europe has ruled in a non-binding judgment. The committee...

Samaras in Brussels as Greeks Protest, One Dead

With Prime Minister Antonis Samaras in Brussels pleading with European Union leaders for the release of more rescue monies, some 70,000 Greeks roared through the downtown of Athens to protest more pay cuts, tax hikes and slashed pensions demanded...