Calamos Supports Greece

Politics

Eleftherotypia Eyes Shutdown, Alter TV Off the Air

ATHENS – The economic crisis is taking a big bite out of Greece’s media, with the unpaid staff of the country’s second-biggest selling newspaper Eleftherotypia launching indefinite 48-hour rolling strikes after news broke that the paper may file for...

Industrialist Calls for Unity Among Political Leaders

The head of Greece's industrialists' association Thursday called on the country's political parties to quit bickering and press ahead with economic reforms needed to save Greece from bankruptcy and a disorderly exit from the euro. His remarks come just a...

Venizelos' Optimism for Swap Dampened

A source from the Institute of International Finance (IIF) has today categorically denied that there should be any reason for optimism as expressed yesterday by Greece's Finance Minister, Evangelos Venizelos, over a framework deal between the Greek government and creditor...

Pension Battle Cracks the Greek Coalition

ATHENS – Interim Prime Minister Lucas Papademos’ six-week old shaky coalition government is showing signs of splitting over a refusal by the conservative New Democracy partner to cut auxiliary pensions in another cost-cutting scheme to keep Greece from going...

Papademos to Nail Down Duration of Coalition

Greek Prime Minister Lucas Papademos will hold talks with all three parties in his coalition to nail down a time frame and possible end date for his government after internal divisions have created friction, reports said Wednesday. "There will be...

Greece Halts Tax Refunds, Stops Paying Everyone

ATHENS – If a Greek taxpayer has not received a long-delayed tax refund yet, don’t look for a check in the mail: it’s not coming. As austerity measures have failed, resulting in a deep recession, a soaring deficit, and...

No Holiday for Greek Government: Make or Break Time

ATHENS – As the bad economic news keeps piling up for Greece - retail sales for this year were down 30 percent, and storeowners say people are window shopping but not buying much for Christmas - the shaky coalition...

Cabinet Meeting To Discuss On Reduction Of Supplementary Pensions

Greek Labour Ministry and Troika postponed the discussion on critical issues of derail of pension funds’ finances and new interventions until January. Troika’s officials stressed the need to reduce wage costs without changing their view on reducing minimum wage, but...

Greeks Bracing for Another Round of Tax Hikes

As Greeks struggle through a Christmas season shorn of much of their bonuses, the government is[...]

Papademos Supported By Majority Of Greeks – Poll

Recently appointed Greek Prime Minister Lucas Papademos enjoys the support of the majority of Greeks with four in 10 saying he should remain at the helm of the country for the next few years, poll results published Sunday show. According...

Greece’s Investors Reluctant to Take a Bath

ATHENS – Only a day after Greek officials said they were optimistic about reaching an agreement with banks and investors to write down as much as 50 percent of the country’s debt, reports said many are balking at the...

Troika Tells Greece: Action, Not Talk

ATHENS – Official from the Troika of international lenders keeping Greece on economic life support with rescue loans will wrap up a 10-day visit here on Dec. 18 and said they want some firm proposals on demands to further...

Six in 10 Greeks Want Elections by February, MRB Poll Shows

Six in 10 Greeks say elections should be held by Feb. 19, a date tentatively set during government-formation talks last month, an opinion poll showed. Of the 2,000 people questioned Dec. 1-8 by MRB, 26.7 percent said elections should be...

Elections And New Measures Cause Government Turbulence

Greek government’s tenure is determined by the work to be done, said spokesman for Greek PM Lucas Papademos, in an attempt to deal with the ministerial paralysis due to an unofficial pre-election period. Infrastructure Minister Makis Voridis, a LAOS MP,...

Former General Secretary of Greek Finance Ministry Says Entrenchment Cases Give Boost to Tax Evasion

The former General Secretary of Information Systems of the Greek Finance Ministry, Diomidis Spinellis talked about corruption in Greece and the '4-4-2 system' (or 40%-40%-20%) that is a common secret in the field of tax evasion in Greece. According to...