Calamos Supports Greece

Greek Public sector

Greek Government Stops All Hirings in the Public Sector

There will be no new job appointments and recruitment in the Greek public sector in 2016, since the relevant cabinet act was extended until December 31, 2017. The decision wastaken due to the austerity measures imposed on the country...

New Law Brings Back to Greek Public Sector 900 Employees Fired for Crimes and Misdemeanors

A new law by the ministry of labor brings back to the public sector about 900 employees who had been fired for misconduct, misdemeanors and crimes. The Greek government is in the awkward position of having to abide to the...

Greek Govt Has to Take Several Laws Back or Receive Revenues from Equivalents

The Greek government has to take back bills and amendments that were unilaterally decided after the February 20 bailout extension agreement was signed. One of the creditors' many requirements attached to the new bailout package says that "with the exception of...

Tension in Greek Parliament as Opposition Parties Raise Objections Over Legislative Order

The Greek Parliament discussion earlier today over the legislative order issued this week, ordering the country’s public sector operations to transfer excess funds to the Bank of Greece (BoG) in a dramatic attempt to cover the country's needs, was stigmatized...

How Much Does Greece Owe?

Greece's debt has grown over the last years and that is why British newspaper The Guardian published the following diagrams in order to determine how much money does Greece owe and to whom. The coming months are crucial for the...

Greek Municipalities Oppose Govt Plans to Use Their Funds

Greek municipalities held an emergency meeting earlier today in Athens after the government ordered the country's public sector operations to transfer excess funds in a common account to the Bank of Greece (BoG) in a dramatic attempt to cover its...

Greek Govt Collects Public Sector Money With Legislative Order to Meet Needs

The Greek government has issued a legislative order today ordering the country's public sector operations to transfer excess funds to the Bank of Greece (BoG) in a dramatic attempt to cover its needs ahead of the upcoming International Monetary...

Bill on Rehiring Greek Public Sector Staff to Be Unveiled Soon

The draft bill to rehire public-sector workers sacked by the previous government, abolishing "anti-democratic" memorandum laws on disciplinary action and other labor issues and for the pilot implementation of the Citizen's Card will be unveiled for public consultation in...

Finance Ministry Cleaners' Reinstatement Suspended

Some 400 public sector cleaning employees were suspended in September 2013, as part of the availability measures implemented by the government, and were dismissed nine months later. The Greek Supreme Court has postponed the hearing of the cleaning staff’s...

Six Month Goal for Greek Civil Service Reforms

Greek Deputy Minister of Interior and Administrative Reconstruction Giorgos Katrougalos announced that the reform process of civil services in Greece should be completed in the next six months. In a recent interview with Greek newspaper Kathimerini, Katrougalos noted that...