Calamos Supports Greece

Greek Crisis

IMF Sees Greece Missing Debt Targets by 2017

Greece will miss the five-year debt reduction target that underpins the country΄s 130 billion euro bailout, according to forecasts released by one of its main lenders on Tuesday. According to Reuters, the International Monetary Fund in its fiscal monitor report...

Eurogroup: IMF Says Greece Must Do More Before Loan Disbursement

Greece's official creditors failed to make any visible headway Monday in averting the country's looming debt crunch, drawing a diplomatic veil over suggestions of "heated" exchanges at their latest meeting. International Monetary Fund Managing Director Christine Lagarde and EU officials...

Thousands of Protesters Tell Merkel she is Not Welcome

About 8,000 demonstrators chanted anti-austerity slogans and hoisted banners warning Angela Merkel she was not welcome in Greece at a protest on Monday, the eve of a visit by the German chancellor. Organized by labor unions fed up with wage...

Samaras Bans Rallies During Merkel's Visit

Worried that planned protests during German Chancellor Angela Merkel's visit to Athens on Oct. 9 could escalate into violence, Greek Prime Minister Antonis Samaras had directed that all rallies and gatherings be banned while she's in the city to...

A Day in an Occupied School in Thessaloniki

As I was heading to the 7th Gymnasio-Lykeio of Thessaloniki, one of the occupied schools of the city, I was under the impression that that I was going to meet some students who didn't know exactly what they were...

Generic Drugs Can Save Greece $194.5 Million

A new government measure obliging Greek doctors to prescribe medicine to patients using the name of the active ingredient, not the brand name, is expected to increase consumption of generic drugs and, at the same time, cut health spending...

Dutch Diplomats Help Firms Prepare for Eventual Greek Eurozone Exit

The Netherlands has begun secretly preparing Dutch firms for an eventual Greek exit from the eurozone, the Volkskrant reports on Monday. The paper says diplomats in Athens have been making an inventory of the risks, planning emergency measures and have...

Schaeuble Says Merkel Visit No Guarantee

German Finance Minister Wolfgang Schaeuble said Oct. 7, that Chancellor Angela Merkel's trip to Greece this week does not mean the debt-stricken country will receive the next tranche of aid for its bailout. "The chancellor will not discuss with Greece...

Austerity Talks to Continue, Progress Seen

Greece and its European Union and International Monetary Fund creditors made progress on talks on a 13.5 billion-euro package of austerity measures for the next two years and said negotiations would continue next week. Finance Minister Yannis Stournaras told reporters...

Greek Company Gets 391 Years to Pay State Debt

With some 25 percent of Greeks having stopped paying their loans because of pay cuts, tax hikes and slashed pensions, one company that owes 750,000 euros, or $977,962 in social security payments to the state insurance fund IKA has...