Calamos Supports Greece

Politics

New Poll: Two-Party System on Way Out, 86% Unhappy With Papademos Government

The two-party system in Greece is close to extinction, according to a new poll carried out by Public Issue for the television station Skai, which confirms the freefall of parties who voted in favour of the EU memorandum, while...

Greek-Cypriot Finance Minister Resigns Due To Health Issues

NICOSIA (Reuters) -- Greek Cypriot finance minister Kikis Kazamias, credited with spearheading an austerity drive pulling Greek Cyprus back from the brink of an international bailout, has resigned for health reasons, the government said on Friday. The announcement means Central...

Minister to Purge Staff Over Blackmail Case

Greece's new development minister on Thursday announced a purge of the ministry's entire investment department after two of its members were arrested for alleged blackmail. 'We must show zero tolerance towards those who break their vows,' Anna Diamantopoulou told reporters,...

Greeks Choice Comes Down to Samaras vs. Venizelos: Elitism vs. Arrogance

ATHENS - Before he became a disenchanted Democrat and reformed racist, and as he ran for President in 1968 on the American Independent Ticket, firebrand Alabama Governor George Wallace famously spat: “There’s not a dime’s worth of difference between...

Ailing Greek Banks Will Get A Bailout Too – $62.8 Billion

ATHENS – Awaiting $172 billion in a second bailout to save its economy, Greece will also get more than $62.8 billion in loans from the European Financial Stability Facility (EFSF) to recapitalize its banks, which will take $39.25 billion...

Canberra is Willing to Help Greece by Offering its Know-How in Taxation Practices

The newly established Business Council, consisting of Greek businessmen and targeting the development of stronger financial cooperation, is expected to play a significant role in the bilateral relations between Greece and Australia Australia is also willing to offer Greece its...

WSJ: Papademos May Be Here to Stay

Mr. Papademos, an economics professor at Harvard and a no-nonsense former vice president of the European Central Bank, was chosen in November by Greece’s major parties as a compromise prime minister until elections were held. But with opinion polls...

Court Οfficial: Greek Judicial Authorities File Charges in Alleged Plot Against Former PM

A prosecutor opened a criminal case Wednesday in a suspected plot to remove former conservative prime minister Costas Karamanlis from power that was brought to light by a tip-off from Russia’s spy agency, a court official said. The official said...

Mayor and Minister Renew Vow to Clean Up Athens' Center

ATHENS – Mayor George Kaminis – as many of his predecessors said without doing so – has promised to clean up the city’s center, which has deteriorated into a filthy, graffiti-ridden, crime-festered area filled with drug addicts, criminals, prostitutes...

Case of Alleged Plot Against Former PM Karamanlis Opened

ATHENS, Greece (AP) --  A prosecutor opened a criminal case Wednesday in a suspected plot to remove the former Prime Minister Kostas Karamanlis from power, a court official said. The official said prosecutor Nikos Ornerakis filed a felony count of...

Cabinet Formally Approves Bailout Deal

Greece's cabinet unanimously approved the terms of its international bailout on Wednesday, hours after euro zone countries formally approved the 130 billion euro ($169 billion) financial package that Athens needs to stay afloat. The deal to keep Greece funded until...

Former Socialist Ministers Form New Party Ahead of General Election

Two of Greece’s former Socialist ministers have announced the formation of a breakaway party as the debt-stricken country gears up for general elections in which the majority Socialists are expected to take a severe drubbing. Former development minister Louka Katseli...

EU Says Greece Needs Still More Austerity

ATHENS – The era of austerity will have to continue in Greece, a European Commission report has said, adding that the new government after upcoming elections will have to make further cuts in spending in 2013-14 of 5.5 percent...

Greeks & Diaspora Bond Holders Will Take Big Losses Too

ATHENS  - Greeks and those in the Diaspora who bought Greek bonds to support Greece during its economic crisis will not be exempt from an agreement the government made with private investors to write down the country’s debt and...

Greeks in Sydney and Melbourne Head to Polls for PASOK Presidential Election

Greek-Australians will be able to vote on Sunday for the new president of the Greek PASOK party as polls have been set up both in Sydney and Melbourne. Although the only candidate for the upcoming elections is Evangelos Venizelos, the...