Calamos Supports Greece

Politics

Greece Wants Libyan Oil to Fill Iran Gap

ATHENS – Already deep in the throes of an economic crisis, Greece is moving quickly to fend off shortages of oil that will be created by an embargo from Iran on European countries by trying to get more capacity...

Eurozone Chief Says Greece May Need Third Bailout

ATHENS - With the ink still not dry on a second bailout for Greece - this one for $172 billion to go along with a first ongoing series of $152 billion in rescue loans to keep the country from...

Greece Will Pile On More Taxes in June

ATHENS – Already under an avalanche of tax hikes  - including a doubling of income and property taxes – beleaguered Greeks will be hit with a new round of increases in June when the government will pile on more...

Troika Warns Greece: Comply or No More Aid

ATHENS – Despite a second bailout and a pending deal with investors to write down as much as $134 billion in debt, Greece will not be eligible for continued foreign aid if it does not comply with demands to...

Germany’s Friedrich Urges Greek Exit From Euro

German Interior Minister Hans-Peter Friedrich said Greece would have better chances of overhauling its economy and restoring growth if it left the euro area, Der Spiegel said, citing an interview. Friedrich, a member of the Bavaria-based Christian Social Union that’s...

Greece Moves to Make Investors Take Big Losses

ATHENS – Saved again by international lenders who agreed to a second bailout package, Greece has now told private investors it will pay most of them back only about 25 percent of what they are owed.  Greece on Friday launched...

Cabinet Approves Debt Restructuring Plan

Greece's cabinet on Friday approved details of a EUR100 billion debt write-down for the country that is part and parcel of a fresh multi-billion euro rescue plan Greece is seeking from its international creditors. After meeting for a little over...

Greece Approves Deal to Wipe Out $142 Billion in Debt

ATHENS – Even as Greek banks chase are set to be bailed out with $47 billion in government funds as part of a second rescue deal with international lenders to save the country from bankruptcy, the Greek Parliament has...

Greek MP Deposited 1 Million Euros Abroad; Name Undetermined Yet

The president of the Authority for Money Laundering, Panagiotis Nikoloudis, leveled the grave accusation that a Greek MP deposited 1 million euros abroad during May of 2011, according to protothema.gr. Speaking to the parliamentary Committee for Institutions and Transparency, Nikoloudis said:...

President Papoulias Receives Former French Minister Jack Lang

President of the Greek Republic, Karolos Papoulias, received on Thursday the former French Minister of Culture and Education, Jack Lang, at the Presidential Megaron in Athens. The two men discussed their ideas for an hour, while they made special reference...

Lawmakers Approve Committee To Examine Statistics Office

Greek lawmakers approved Thursday a proposal to set up an examining committee to assess whether the country's statistics service used methods that exaggerated the country's debt woes to justify the bloc's demands for austerity measures. The proposal was approved by...

Vice President of Greek Government Supports Loss of National Sovereignty of Greece

The Vice President of the Greek Government, Theodoros Pagkalos stated during an interview on the French radio program 'Europe 1' that he is not against of one country's loss of its national sovereignty. After a question concerning if European presence...

Despite New Bailout, Sacrifice, Greece Still on Edge of Default

ATHENS – While many political leaders in Greece expressed satisfaction with a new bailout from international lenders – this one for $170 billion needed to pay debts, workers and pensioners – dissension and doubt remained and the ratings agency...

UN Mediator Matthew Nimetz Visits Athens

The UN Mediator on the name dispute between Greece and FYROM, Matthew Nimetz, is visiting Athens today after having visited the neighboring country involved in the dispute. At 13:30 the UN representative will have a lunch meeting with the Greek...

Will Greece Need a Third Bailout?

ATHENS – Greece – for now – has been saved from default after Eurozone leaders agreed on a second bailout of $171 billion along with a first ongoing series of $152 billion in loans to keep the debt-choked country...