Calamos Supports Greece

Greek News

Patras Metropolitan: No Sunday Work

The Metropolitan Chrisostomos of Patras ha called on the faithful to resist to the opening of shops on Sundays and not to buy anything or work “even if they are hungry.” He didn't say what the meant about stores...

Diaspora Bureau Takes Staff Cuts

The General Secretariat for Greeks Abroad, an agency founded 30 years ago to help facilitate relations with the Diaspora, could be in jeopardy after 10 of its 51 staff members were put into the government's mobility scheme, which means...

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...

Greece Says Budget Shows Primary Surplus

The Greek government says it has beaten its budget deficit targets so far this year, posting a primary surplus. Deputy Finance Minister Christos Staikouras said today that preliminary figures show the state budget had a primary surplus — which excludes...

Four Greeks On Youth U-19 Soccer

Four Greek footballers living in Australia have been invited to play in the Australia National under-19 football team which will take part in an international football tournament in Spain. They are: Peter Skapetis (Queens Park Rangers), Chris Economides (Lazio), Stoke...

Samaras Heading For U.S. Again

Glowing after meeting U.S. President Barack Obama in the White House on Aug. 8 and meeting with Diaspora leaders in New York as part of a visit to the United States, Greek Prime Minister Antonis Samaras is getting ready...

Bundesbank Says Greece Needs New Bailout

According to the confidential report of Bundesbank, cited by the German magazine Spiegel, Greece will need another rescue package in 2014. In an internal document of the German Central Bank it said that that the European leaders must start immediately...

Greek Businessman Mugabe’s White MP

As Zimbabwe's  President Robert Mugabe, 89,  celebrated winning a seventh term in office amid charges he once again used fraud, intimidation, threats, vote-rigging and corruption to stay in power, reports emerged he had an alliance with a businessman of...

Samaras Readies September Strategy

Coasting on a boost from his meeting with U.S. President Barack Obama in Washington, D.C. during Congress' summer recess when there were few official visits going on, Greek Prime Minister Antonis Samaras returns to political reality in preparation for...

No Permits For Greek Public Buildings

While Greece requires buildings to be inspected and have permits many of those belong to municipalities and the government don't have any including the Olympic Stadium, whose roof which is said to be in worsening condition because of a...

Chinese Businessman Likes Zakynthos

The Mayor of Zakynthos, Stelios Mpozikis had a meeting with the Chinese businessman David Zhong, during which they discussed about potential investments in Zakynthos concerning port facilities. Mpozikis made specific proposals to the Chinese businessman who has shown interest in developing...

Greek Economy Loses 122B Euros

The era of austerity - brought on by generations of overspending - has caused Greece to lose nearly 50 percent of its Gross Domestic Product and cost 122 billion euros ($162.75 billion) in cuts to pay and social services,...

Athens Empties For August Holidays

Athenians poured out of the city this weekend, heading to country villages, islands or other vacation spots, although many have opted not to take trips inside the country because of how hard they've been hit by austerity measures. Ironically, Greece...

OPAP Privatization Faces Court Challenge

With its sale of a stake in the state gambling monopoly OPAP to a Greek-Czech consortium unraveling over bickering over some of the details, the Greek government is now facing another challenge from the Remote Gambling Association (RGA) which...

Greek Jailed For Human Trafficking

Ioannis Ballas, a 33-year-old  self-employed plumber from Enfield who left Greece due to hard economic circumstances there, was sent in prison for two years due to his involvement in trafficking immigrants along the A14 in the United Kingdom. Police said...