Calamos Supports Greece

IMF

Samaras Says Deal With Troika Done

Greek Prime Minister Antonis Samaras said on Oct. 30 that his administration has concluded negotiations with international lenders on a $17.45 billion spending cut and tax hike plan that would go to Parliament almost immediately, although one of his...

Greek Lawyers Says Vaxevanis Unfairly Prosecuted

The board of the Athens Bar Association (ABA) said it was surprised that a Greek investigative journalist was prosecuted on violation of privacy laws a day after he released a list of 2,059 Greeks with $1.95 in deposits in...

Vaxevanis Says Greece Hiding Tax Evasion

A Greek journalist who was arrested for exposing the names of 2,059 people with $1.95 billion in deposits in a Swiss bank said the government moved swiftly to silence him because it is trying to cover up for rampant...

Troika Wants Greek Debt Restructuring

Greece would be allowed to impose losses on its public investors the same way it did to private investors in a desperate bid to write down debt, officials from the Troika of the European Union-International Monetary Fund-European Central Bank...

Samaras in Crisis Talks Over Budget

In an effort to convince his reluctant coalition partners to support a $17.45 billion spending cut and tax hike plan that is antithetical to their campaign promises to resist more austerity measures, Prime Minister Antonis Samaras has been holding...

Lagarde List Leaked: Greek Politicians, Big Names

A closely-kept secret by the Greek government – the names of 1,991 people who made $1.95 billion in deposits in the Geneva, Switzerland HSBC bank branch – has been released by a Greek investigative journalist and immediately went viral...

Tsipras Says More Austerity “Final Blow” for Greece

Greek Prime Minister Antonis Samaras is trying to persuade his reluctant coalition partners to go along with a $17.45 billion spending cut and tax hike plan, the major opposition party Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras...

To Many, Greek Recession Mirrors 1930's Depression

It might not look like it in tony neighborhoods and at fancy restaurants where Greek politicians and the rich elite dine and live, but for many, Greece is in a Depression - with a capital D - not a...

Greece Eyes Cargo Tax On Shipping

Strapped for cash in a crushing economic crisis, Greece is planning to go after its vaunted nearly tax-free shipping industry with a cargo tax on merchant marine shipowners that the government said could bring in $258.5 million from 2013-16. Greece’s...

Cyprus' Finance Minister May Quit in Bailout Protest

Cyprus' Finance Minister Vassos Shiarly is ready to step down if President Demetris Christofias does not sign a memorandum of agreement with international lenders to release a bailout needed to keep the economy from tanking, the newspaper Simerini reported. He...