Calamos Supports Greece

GENOP

Greece to Present 500-Million-Euro Rescue Plan for Struggling Public Power Utility

The new President and CEO of the Public Power Corporation (PPC), Greece's struggling public power utility, will present a 500-million-euro rescue package to the company's board on Friday. According to the Athens-Macedonian News Agency (AMNA), rate hikes will be offset by...

Greece Approves Power Plant Sales Despite Angry Protests

Greek lawmakers on Wednesday approved the sale of power stations by Greece's dominant power utility Public Power Corp. (PPC) in spite of workers demonstrating by placing emptying sacks of coal outside parliament. A majority of lawmakers voted in favor...

Greek Power Union Launches Strikes Against Privatizations

The union representing workers at the state-run Public Power Corporation (PPC) has started what it says will be rolling 48-hour strikes against government plans for the privatization of lignite plants. Analysts say that if GENOP carries out its threat for...

PPC Unions End Strike at Midnight

Public Power Company (PPC) union GENOP decided on Sunday to end their rolling strikes at midnight. After the strike was ruled illegal by Greek courts and the government handed out papers for the requisition of their services, PPC workers...

Athens Court Rules PPC Employees' Strike is Illegal

The Administrative Court of First Instance of Athens, Greece ruled on Friday that the strike of Public Power Corporation (PPC) employees' union GENOP is illegal, also finding part of its claims abusive. The ruling comes following a motion by...

PPC Chief Bailed Over Dubious Loans

Nikos Fotopoulos, who heads GENOP, one of the Public Power Corporation’s (PPC) worker unions, has been released on bail after being questioned in court over two loans the group received from the company's management, which negotiates with him terms...

Greek Power Plant Threatens Blackouts to Fight Privatization

The Communist-inspired President of Greece’s most powerful labor union is threatening to have workers at the country’s biggest power plant turn off the electricity around the country in the height of the tourist season to protest government plans to...

No Power Cut-Offs for Property Tax Bill Non-Payments

After growing outrage at a so-called “emergency” property tax that was put into electric bills under the threat of having power turned off, wages garnished or properties seized for non-payment, the[...]

Power Strikes Loom, Lights Out in Greece?

ATHENS – Even Greeks inured to 18 months of protests, riots and strikes may not be ready for the next action against austerity measures: a wave of rolling 48-hour work stoppages planned by the labor union that oversees workers...

PPC GENOP Workers Cut Electricity in Health Ministry

PPC GENOP, a Greek public electricity workers' union has symbolically cut the electricity in the Health Ministry building in Athens to protest for unpaid state bills to the utility. A union statement says the four-hour power cut was decided as...