Calamos Supports Greece

Stournaras

Greek Debt At 321B Euros

After three years of crushing austerity measures and imposing losses of 74 percent on private investors to write down its debt by $134 billion, Greece still owes 321 billion euros ($429.46 billion) a level that many analysts said is...

Up To 15,000 Homes On Seizure List

Greece’s coalition leaders said they will allow banks to confiscate 12,000-15,000 homes because they believe the owners have been trying to manipulate laws that protect people with primary residences worth up to 200,000 euros ($260,000) from losing them because...

Samaras Says No Foreclosures On Poor

With a rebellion growing in their ranks over plans to let banks seize homes after a ban on foreclosures expires at the end of the year, Greek Prime Minister and New Democracy Conservative leader Antonis Samaras and his coalition...

Ousted TAIPED Chief Strikes Back

A day after being forced to resign as head of Greece's privatization agency TAIPED because he'd taken a ride on the private jet of a businessman buying the state gambling monopoly OPAP, Stelios Stavridis said he had done nothing...

Greece Will Let Banks Seize Homes

Bending to demands from international lenders, Greek Prime Minister Antonis Samaras' coalition government will let banks foreclose on homes of customers, many of whom have suffered big pay cuts, tax hikes and slashed pensions under austerity, setting aside a...

OPAP Deal Finally Concluded

After much wrangling and doubt whether the deal would go through, Greece has signed a 652-million euro ($867.95 million) agreement to sell off 33 percent of  the state-controlled gambling monopoly firm OPAP to the Greek-Czech investment consortium Emma Delta. It...

Greek Economy Keeps Shrinking

With the government for a glimmer of a glimpse of a hope for the start of a recovery next year, the Greek economy shrank by 4.6 percent of Gross Domestic Product (GDP) in the second quarter of the year...

Greek Businesses Evade Tax Man

Greece's hopes of boosting the economy by cutting the Value Added Tax (VAT) in eateries from 23 to 13 percent for a five-month trial are failing from the get-go as inspectors have found about 50 percent of all businesses...

Vroutsis Insists No More Austerity

Despite an International Monetary Fund (IMF) report that there could be a hole as big as $14 billion in the Greek economy that needs filling, the coalition government led by Prime Minister Antonis Samaras has no plans to institute...

Greece Admits Shielding VIP Tax Cheats

Greece's Finance Ministry has admitted what everybody in Greece already knew: the government has been playing favorites with VIP's and allowing them to dodge taxes, with inspectors checking with supervisors before deciding how to handle the case of people...