Calamos Supports Greece

Greek News

Greece Tracking Its Engineers Abroad

During those last years, Greek engineers, especially young people, have either chosen to work abroad directly after their studies or have been, within the past few years, scientific and professional immigrants who have been seeking for a job as...

Greek Deficit Fell 1.62B Euros In June

The Greek state budget presented a big decrease of the deficit in June despite a big drop of 1.617 billion euros ($2.08 billion) in expected tax revenues even though taxes had been hiked. Big cuts in spending offset the lack...

EU Report Sees Dangers for Greece

Despite mixed messages about the economy - it's up, it's down, it's recovering, it's on the rocks - Greece is trying to promote that all will be well but the European Union isn't so sure. A European Commission report about...

SYRIZA Tries To Find Its Roots

Greece's major opposition party the Coalition of the Radical Left (SYRZA) on July 10 began a five-day conference hoping to unify its diversified base and find common ground against the government of Prime Minister and New Democracy Conservative party...

EOPYY Out of Control, Inspector Says

Greece's health care insurance system EOPYY, which has a 1.2 billion euro ($1.54 billion) debt, is running amok with mismanagement, Public Administration Inspector Leandros Rakintzis, tasked with rooting out corruption and mismanagement, said, adding it's barely a legal operation. Rakintzis...

BOG Governor Wants Tourism Expanded

 “Greek tourisn can contribute to the development, however, it has to reduce its seasonal nature,” stated the Governor of the Bank of Greece George Provopoulos in his speech at the conference Greek tourism and Climate Change: Adjustment Policies and...

British Drug Fugitive Nabbed in Athens

Greek police, working in an operation with British authorities, on July 6 arrested a fugitive from the United Kingdom on drug charges while he was watching a rugby match on TV at an Irish pub. Kevin Hanley, 50, is suspected...

Niarchos Foundation Boosts Benaki Museum

Since January of 2012 the Stavros Niarchos Foundation has been working to help improve the lives of Greeks during a crushing economic crisis, putting up 100 million euros ($130 million) to help charities and NGOs, and part of the...

Museum Visitors Up 13.2% in March

In March 2013, the number of visitors to museums around Greece rose by 13.2 percent in comparison with March 2012. In addition, museums’ revenues were equally increased by 14.4 percent compared to the same month last year. According to the...

Exports Rose, Imports Dropped in May

According to estimates of the Hellenic Statistical Authority (ELSTAT) regarding the course of the country’s trade transactions, the rise in exports continued in May 2013,  as did the reduction in imports. In particular, the total value of imports/arrivals amounted to...

Police Tear-gas Protesting Teachers

Within an atmosphere of tension teachers continue protesting outside the Ministry of Education. Teachers strongly protesting the mobility scheme invaded the courtyard of the ministry building in Maroussi, and the police who arrived on the scene started making use of...

Greek Unions Call July 16 General Strike

After months of relative calm, Greek Prime Minister Antonis Samaras' uneasy coalition government is suddenly under siege for its plan to start firing thousands of public workers on the order of international lenders in return for continued rescue aid. As...

Lagarde: "I’m Impressed With Greece"

Greece can achieve a budget surplus by the end of the year, although there is still much work to be done on reforms, according to statements made by IMF head, Christine Lagarde, on the American TV network CNBC. "When I...

Former King of Greece Constantine in Hospital

Former King of Greece, Constantine, was rushed to the hospital on July 8 after fainting, which alarmed the doctors because of  his heart condition. According to the newspaper Espresso, everything started on the afternoon of  July 8 when he felt...

Kouvelis Skewers Samaras, Venizelos

Democratic Left leader Fotis Kouvelis, who took his party out of Prime Minister Antonis Samaras' previous coalition government, said he walked out because the Premier and PASOK Socialist leader had conspired to set up an administration without him and...