Calamos Supports Greece

PASOK

Pushed by Troika, Stournaras Threatened to Quit

Frustrated by relentless demands from international lenders that Greece make even deeper pay cuts, tax hikes and slashed pensions, Finance Minister Yiannis Stournaras threatened to resign during an intense meeting, the New York Times reported. Prime Minister Antonis Samaras, under...

Greek Parliament Head Steps Aside In Corruption Probe

Greek Parliament President Evangelos Meimarakis, handpicked for the position by Prime Minister and New Democracy Conservative leader Antonis Samaras, said he will suspend himself from his duties during a reported investigation into alleged corruption by the country's financial crimes...

Greece Gears Up for Week of Strikes Against Cuts

Greek Prime Minister Antonis Samaras faces the first real test of his already-shaky three-month coalition government this week with the walkout of public workers in several sectors and a 24-hour general strike on Sept. 26 against another round of...

Seven Former Greek Ministers Probed For Corruption

Seven former ministers in New Democracy Conservative and PASOK Socialist administrations are being investigated for alleged corruption as Greece’s financial crimes squad SDOE is continuing its hunt for government figures and others who have evaded taxes and collected fortunes.’ The...

Samaras to Make TV Pitch for Austerity

With polls showing more than two-thirds of Greeks believe the country is headed in the wrong direction, Prime Minister Antonis Samaras is expected to make a national TV address to try to convince a skeptical public to accept more...

Troika Report Could Come After U.S. Elections

To avoid upsetting world markets as U.S. President Barack Obama seeks re-election, Greece’s international lenders may delay a crucial report on additional funding until after Americans go to the polls on Nov. 6, the news agency Reuters reported, although...

Greeks Need To Know: Who Are The Dirty 30?

Lost off the radar screen as Greece sinks toward economic oblivion because of generations of greed, corruption, mismanagement, tax evasion, incompetence, inefficiency and a bloated public sector full of so much deadwood you could feed every fireplace in Europe...

Kouvelis Facing Democratic Left Mutiny On Cuts

Greek Democratic Left (DIMAR) party leader Fotis Kouvelis’ decision to renege on campaign promises to protect workers, the poor and elderly and support more harsh austerity measures on them has sparked a mini-rebellion in the party, with several of...

Troika Will Leave Before Budget Cut Deal Done

Greek Prime Minister Antonis Samaras’ failure to convince his reluctant coalition partners to accept all the harsh measures in a $14.6 billion spending cut plan demanded by international lenders means the government will not be able to present a...

Samaras' Coalition Ready to Lower the Boom on Greeks

With decision on $14.6 billion in new budget cuts stuck in limbo for weeks, Prime Minister Antonis Samaras is set to meet with his coalition partners on Sept. 20 to finalize the measures before presenting them to the Troika...