Calamos Supports Greece

Greece

April 23, 2010: Greece Enters the Bailout and Austerity Era

On April 23, 2010, Greece entered the bailouts era by asking its EU partners and the IMF to rescue its economy that went bankrupt. The dramatic call for help was made from the tiny Aegean island of Kastellorizo by then...

Prime Minister Tsipras Warns ''Dark Days of Austerity Could Come Back''

Greek Premier Alexis Tsipras made a rare appearance at the entrance of Maximos Mansion on Thursday in order to respond to the European Commission's remarks about his government's decision to implement several relief measures. Tsipras went in front of journalists...

Austerity Cuts for Civil Servants Are Legal, Says Greece's Top Court

The Council of State, Greece's highest court, ruled on Friday that the austerity cuts imposed on the country's civil servants during the years of the financial crisis were legal. The ruling became public on Monday afternoon. The decision is limited...

Greek Pensioners Rally Against Austerity

Hundreds of pensioners took to the streets of Athens on Saturday to protest against austerity and falling living standards. With the motto "We claim what was taken away from us," pensioners from around the country rallied at Klafthmonos Square. Later...

Austerity's Harsh Impact on Greece's Public Services Revealed

According to data released Thursday by the Hellenic Federation of Enterprises (SEV), significant declines in state funding for public services were recorded between 2015 and 2016. During this period, the Greek state invested just €3 million ($3.4 million) in...

4 More Decades of Austerity Await Greece, US Economist Warns

Instead of providing stimulus for growth to Greece, its European creditors are forcing the country into renewed austerity that will last four decades, a US economist says. Writing in the Washington Post, Matt O'Brien, former senior associate editor at the...

Greek Hospital Workers, Police Clash in Anti-Austerity Protest (video)

Members of the national union of public hospital workers (POEDIN) on Monday clashed with police in a protest outside the Finance Ministry over ongoing austerity. Police fired tear gas at protesters who tried to storm the ministry building. Some protesters...

OPINION: 'Macedonia' Issue is a Smokescreen for New Greek Austerity

The fact that the Greek government opened the controversial issue of the naming of the Former Yugoslav Republic of Macedonia (FYROM) at a time when creditors were pressuring Athens to implement reforms was suspicious from day one. Athens had agreed with creditors...

Greek Workers March Against Austerity in Athens (video)

Striking workers, pensioners and students marched through central Athens on Wednesday in protest against a new wave austerity measures that will kick in after the country’s third international bailout expires this summer. Two separate rallies took place. The first was...

Opinion: Macedonia Issue Energizing Austerity-Hit Greeks

Hundreds of thousands of Greeks from all walks of life are expected to throng the center of Athens, right outside the country’s parliament building, on Sunday for a rally on Macedonia. The Athens protest is a follow-up to the Thessaloniki...

ND Chief: Instead of Ending Austerity, Tsipras Brought Poverty

"Instead of putting an end to austerity, he brought poverty...and he became the worst establishment himself," New Democracy President Kyriakos Mitsotakis said about Alexis Tsipras and the third anniversary of SYRIZA in power. In a video statement released on Thursday,...

Scuffles Follow Greek March Against Austerity, Strike Bill (video)

Greek police used tear gas on Friday to push away demonstrators that approached the main entrance of the parliament building in Athens where a bill containing new reforms is being debated. The scuffles broke out following a peaceful march through...

20,000 Strikers Demonstrate Against Austerity in Greece

Some 20,000 people demonstrated in Greece on Thursday as a general strike against new budget cuts and labour reform paralysed the civil service and disrupted transports. Around 16,000, mainly Communist party-affiliated, demonstrators marched in Athens while another 4,500 protested in...

General Strike over Austerity Brings Greece to a Halt

Greek workers have walked off their jobs for a 24-hour general strike that is shutting down  services across the country. Domestic flights and Athens transport were disrupted, ships remained docked for 24 hours, and some public services were shut down,...

Head of Parliamentary Budget Office Ends Term Predicting Austerity in 2018

The term of Greece's Parliamentary Budget Office chief Panagiotis Liargovas will not be renewed; His last draft on the 2018 budget predicts a year of austerity. Based on last year's figures, the 2018 budget generates concerns, the report says, while at...