Calamos Supports Greece

Politics

EU Says It’s Not Ready to Help Greece Yet

ATHENS - Despite new austerity measures rammed through the Parliament in the wake of riots that left parts of downtown Athens burning, European Union leaders said they aren’t convinced that Greece is serious about reform and won’t release a...

Olli Rehn: Greek Vote 'Crucial Step' to Winning Second Bailout

The vote by Greece΄s parliament late Sunday in favor of additional austerity measures was a "crucial step" toward winning a second bailout program from its European partners and the International Monetary Fund, European economics affairs Commissioner Olli Rehn said...

New Austerity Cuts Bring Fire and Looting to Athens

Fire, rage and looting were widespread all around downtown Athens on Sunday evening, while the Greek Parliament was voting on a new package of austerity measures that will further plague the people of the country with drastic cuts in...

Merkel΄s Spokesman: Germany Welcomes Greek Vote

German Chancellor Angela Merkel’s government welcomed the decision of the Greek parliament to vote in favor of further austerity measures, according to Bloomberg. “These decisions show the will and the readiness of the Greeks to undertake major efforts of their...

Australian Government Changes “Slav-Macedonian” Directive to “Macedonian”

The Australian government has decided to change its directive concerning the Australian-Skopje community being recognized under the name “Macedonian” instead of “Slav-Macedonian”, used since 1994. The decision was formally announced by AMHRCA (Australian Macedonian Human Rights Committee) on its website,...

Parties Expel Rebel Deputies After Austerity Vote

The two Greek parties supporting the government of technocrat Prime Minister Lucas Papademos expelled more than 40 deputies on Monday for failing to back an austerity bill needed to avoid the country's chaotic default. The conservative New Democracy party said...

Greek Lawmakers Vote Austerity as Athens Burns

ATHENS – While anarchists warred on the streets with riot police and 40 fires lit up banks, cinemas, and businesses, the Greek Parliament approved more austerity measures designed to keep bringing in international aid to keep the debt-choked country...

Greek Parliament Passes Austerity Bill

Amid a growing public backlash, the Greek Parliament voted Sunday to approve a package of austerity reforms, marking a key step toward securing a second bailout for the debt-riddled nation. Lawmakers voted 199-74 in favor of the cutbacks, despite strong...

Athens in Flames: Historic Cinemas, Cafes, Shops and Banks On Fire

 Historic cinemas, cafes, shops and banks went up in flames in central Athens on Sunday as black-masked protesters fought Greek police outside parliament, while inside lawmakers looked set to defy the public rage by endorsing a new EU/IMF austerity...

Clashes Outside Greek Parliament Ahead of Austerity Vote

As thousands of demonstrators clashed with police outside on Sunday, Greece's parliament debated painful austerity measures the country must take in exchange for a multi-billion euro bailout and debt restructuring program. The loan-for-austerity package that will be voted on at...

Papademos Tells Greeks: Austerity or Chaos

ATHENS – With Greece on the brink of default unless it approves new austerity measures that could deepen a recession now in its fifth year, interim Prime Minister Lucas Papademos told lawmakers, including a growing number of rebels who...

Cabinet Approves Debt Deal After PM Warns of 'Chaos'

The Greek cabinet approved a draft bill spelling out reforms required by the EU and the IMF on Friday, taking Athens closer to getting a new 130 billion-euro bailout after the prime minister warned the alternative was "catastrophe". All eyes...

Papademos Says He Will Remove Dissenters Because Default Would Bring Misery

ATHENS – Facing a growing mutiny in his shaky coalition government against austerity measures demanded by international lenders in return for a second bailout to keep Greece from going bankrupt, interim Prime Minister Lucas Papademos has told any dissenters...

Greek Pirate Party Enters Greek Political Life

"The Pirate Party, which campaigns for open access to technology and Internet freedom, has established a political presence in Greece", as Bloomberg reports. Based on the model of the Swedish Pirate Party, it supports reform of copyright law, the abolition...

Greece Must Decide: In or Out of the Eurozone

ATHENS – With international lenders continuing to withhold aid until the Greek Parliament ratifies austerity measures agreed on by the country’s shaky coalition government, Finance Minister Evangelos Venizelos said the country now has to decide whether it wants to...