Calamos Supports Greece

Manitakis

Greece Fears Troika Wants Fast Firings

Inspectors from the Troika of Greece's international lenders will return to Athens next week as the uneasy coalition governments they will demand a picked-up pace of layoffs and firings to reduce the public workforce by 25,000 this year. Worried about...

Greece Will Close Obsolete Enterprises

The Greek Parliament has approved a plan to start dismantling state agencies that have little or nothing to do and start merging others in the beginning of what labor unions said is a move to fire scores of thousands...

Greek Red Tape Costs 14 Billion Euros

Greece's slow and burdensome bureaucracy is estimated to cost the cash-strapped country a total of 14 billion euros a year, ($18.26 billion) or 6.8% of Gross Domestic Product (GDP) - almost double the European Union average of 3.5%. That was...

Greek Coalition Uneasy Over Taxes, Immigrants

Greek Prime Minister Antonis Samaras’ uneasy coalition government is showing signs of strains again, barely days after it won pending approval of the release of a series of $56.7 billion in loans from international lenders, with disputes over ending...

Troika Wants Names, Numbers of Fired

In another sign of distrust, Greece’s international lenders have reportedly demanded that the government produce the names of the 2,000 workers who are expected to be laid off by the end of the year, and eventually fired, according to...

Greek Politicians Still Ride in Luxury

High-ranking Greek politicians and ministers have refused an order from Administrative Reform Minister Antonis Manitakis to cut back on the use of luxury cars and are even using them for family or personal use, costing taxpayers 320 million euros,...

Antonis Samaras Sworn In As Prime Minister

ATHENS – New Democracy leader Antonis Samaras, whose party finished first in the critical June 17 elections but with less than 30 percent of the vote, was sworn in as Prime Minister on June 20 after convincing his rivals,...