Calamos Supports Greece

EU

Greek Banks May Need More Cash

While insisting the economy shows all the signs of recovering - as he has previously said the last several years only to be proved wrong - Bank of Greece Governor Giorgos Provopoulos issued a caveat that the country's banks...

SYRIZA Killing New Democracy, PASOK in Attica

A series of scandals, unresolved talks with the country's international lenders, and the escape of a terrorist seem to be taking their toll on Prime Minister Antonis Samaras' coalition government and his New Democracy Conservatives, who have fallen 7.7...

Now Stournaras Doesn't Want Debt Cut

Greek Finance Minister Yannis Stournaras, dismissing reports he may be appointed the Governor of the Bank of Greece which has had trouble predicting the country's fiscal fortune, told SKAI TV that he's changed his mind about asking the country's...

Greek Consumer Prices Decline For Tenth Month

Greece's EU harmonized consumer prices decreased for the tenth consecutive month in December, data released by the Hellenic Statistical Authority revealed Monday. The harmonized index of consumer prices (HICP), measured under the EU methodology, dropped 1.8 percent year-on-year in December,...

Samaras Says Coalition Strong, SYRIZA Hypocrites

Stepping up a war of words with his rivals, Greek Prime Minister Antonis Samaras, the New Democracy Conservative leader, has insisted that his coalition with the PASOK Socialists will survive critical May European Parliament elections and run out its...

OECD: Greek Students’ Performances Are Disappointing

Although younger generations complain about the lack of education -- particularly in people of previous generations -- European statistics reveal that the future generations aren’t doing well either. According to the results of the annual report of the Organization for...

Steinmeier Keeps The Heat on Greece

German Foreign Minister Frank-Walter Steinmeier, on a two-day official visit to Athens, said on Jan. 10 that the government must stick to reforms no matter the political cost. He met with Prime Minister Antonis Samaras, the New Democracy Conservative leader,...

IMF Still Doubts Greek Comeback

Greek Prime Minister Antonis Samaras' drumbeat that the failed economy will begin to recover and there will be a return to the markets this year has been undercut by one of its lenders, the International Monetary Fund, which said...

Troika Policy: Social Consequences Cannot be Ignored

The weakening of collective agreements, high levels of unemployment and the violation of fundamental social rights were the main social consequences in Greece, Cyprus, Portugal, and Ireland, the four countries subject to the Troika's programmes, said employment MEPs and...

Under Troika Shadow, Greece Takes EU Presidency

As Greece formally took over the symbolic European Union Presidency for six months on Jan. 8 with a ceremony including invited European officials, Finance Minister Yannis Stournaras said he would conclude negotiations with the country's international lenders during the...