Calamos Supports Greece

IMF

Not So Fast: Troika Says No Deal Yet

Greece’s international lenders have rebuffed Finance Minister Yiannis Stournaras’ declaration  that Greece had concluded a deal with its international lenders on a $17.45 billion spending cut and tax hike plan needed to release a delayed $38.8 billion installment to...

Greek Reaches Deal With Troika, Two More Years

Less than a day after the partners in Greece’s coalition government objected to changes in labor rights as part of a pending $17.45 billion spending cut and tax hike plan pushed by Prime Minister Antonis Samaras, there has reportedly...

Germany Wants Greece to Cede Budget Control

As Greek Prime Minister Antonis Samaras tries to convince his reluctant coalition partners to go along with changes to labor rights – including the reported firing of 65,000 workers over the next three years – Germany has again raised...

Samaras Tries to Keep Coalition Intact

Greek Prime Minister Antonis Samaras’ uneasy coalition showed another crack on Oct. 23 when Democratic Left head Fotis Kouvelis said he would not go along with radical changes in labor rights included in a $17.45 billion spending cut and...

Samaras Pushes Hard for a Budget Deal

With his coalition government splintering, Greek Prime Minister Antonis Samaras will meet his coalition partners on Oct. 23 for talks on trying to finalize a $17.45 billion spending cut and tax hike package that has been stalled for months,...

Stournaras Pushes to Wrap Up Troika Deal

Greek Finance Minister Yiannis Stournaras said he hopes he can conclude negotiations with international lenders this week on a long-delayed $17.45 billion spending cut and tax hike plan that is needed to release a locked loan installment the country...

Good Riddance, Venizelos, We Knew You Too Well

It’s almost impossible to overstate how much of a bloated opinion PASOK Anti-Socialist leader Evangelos Venizelos has of himself, even as he is taking the party toward the dustbin of history. Three years ago, PASOK won the elections with...

Samaras Says Cash Running Out, Aid Needed Now

Greece will run out of money in mid-November and needs to receive a delayed $38.8 billion installment from its bailout package as soon as possible, Greek Prime Minister Antonis Samaras said on Oct. 19. “On the 16th of November the...

Samaras Meets Merkel in Brussels

Still pressing his case for support, Greek Prime Minister Antonis Samaras met with German Chancellor Angela Merkel in Brussels on Oct. 19 on the sidelines of an European Union summit meeting which began the day before. She had come...

Poll Shows Golden Dawn Rising, PASOK Vanishing

The three parties in Greece’s uneasy coalition government are paying a high price for their unremitting support of more austerity measures, with polls showing the ruling New Democracy Conservatives have fallen behind the major opposition Coalition of the Radical...