Calamos Supports Greece

Politics

Moody's Devalue Credit-Worthiness of Banks in Cyprus

The biggest credit agency Moody's Corporation, has devalued the credit-worthiness of banks in Cyprus. The agency ranked Cyprus two scales less, from A2 to BAA1. According to the agency, this is resulting from the general unstable situation prevailing at the fiscal policy...

Thousands of Cab Drivers Demonstrate Outside Greek Parliament

Thousands of cab drivers gathered outside the Greek Parliament on 26, July, to protest against the proposed deregulation. They announced to the media that they intend to stay outside the building until their demands are heard. The representatives of the taxi Union stated...

Australia’s First Greek Politician Departs this Life

The funeral of the famous Greek politician Demetris Samios, who was a member of the Liberal party in New South Wales for two decades, took place on Monday. The politician in question, was the first Greek expatriate who became a member of the Senate...

Taxi Drivers Criticize Rakintzis

  The General Supervisor of Public Management, Leandros Rakintzis asked the government to sue taxi drivers for allowing motorists to cross the tolls without paying. Taxi driver union members criticized Mr. Rakintzis, stating that he has no right to remain in...

Bikes Allowed in Metro Train and Trolley Temporarily

  The government is going to decide in September if the new measure allowing bikes in Metro trains and Trollies is going to be adopted permanently. Since March the Greek government has given an advantage to motorcycle riders to use different means...

Salaries of Greek Deputies to be Reduced August, 2011

According to an article of the Greek newspaper “Real news,” until July of 2011, a Greek deputy was paid 6.595,03 euro per month. However, from August, the salary will be diminished; 5% due to the special levy and...

No Strikes for the Greek Seamen's Federation

No Strikes are expected during July and August announced the Greek Seamen's Federation. Seamen's Unions decided not to  strike because of the touristic peak season. Cab drivers are striking at this time and if Greek seamen do so too, this could damage tourism...

Politicians Divided on Agreement

The EU's decision to adopt a second rescue plan for Greece, which will also have to slow down the spread of the crisis through the rest of Europe, today raised different reactions from the Greek political leadership, with socialists...

German Press Divided over Greek Plan, Merkel's Role

German media was divided on Friday over the results of an emergency eurozone summit that established a new rescue plan for Greece, as well as on the key role played by Chancellor Angela Merkel. The left-of-centre Frankfurter Rundschau felt that...

Eurozone Leaders Reach Greek Crisis Deal: EU President

Eurozone leaders have agreed in a crucial summit to find a way out for Greece to manage its debt crisis. "(The) statement by the heads of state or government of the Euro area and EU institutions is approved," Van Rompuy...

President Clinton & Papandreou Discuss Crisis via Telephone

A few hours before the Prime Minister's departure for Brussels, Papandreou had a telephone conversation with former American President, Bill Clinton. This contact was made after a meeting with the Greek Prime Minister and his wife, U.S. Secretary of State...

Finance Minister Venizelos to Washington for Talks With IMF

Finance Minister Evangelos Venizelos will head to Washington on Sunday for talks with International Monetary Fund (IMF) chief Christine Lagarde and U.S. government officials, Greek media reported quoting his ministry as saying on Wednesday. On Tuesday the IMF warned...

Greece In 48-Hour Agony

Greek Prime Minister George Papandreou flies for Brussels today to have a series of meetings, which are covered in full secrecy for fear of any leakage of solution scenarios. “We go to the Summit with specific positions, but without specific...

Vanishing Cyprus Series: "Refugee Exploitation"

           Guest writer:  Andreas C. Chrysafis Andreas C. Chrysafis was born in Cyprus and lived in the UK and Canada for most of his life. He’s a published author but today, he devotes his entire time in producing works...

Christofias Requests Minister of Foreign Affairs to Remain in Position

President Christofias has requested Kyprianou to remain in his position. The Minister of Foreign Affairs resigned after the explosion at Mari naval base. The president of the Cypriot Democracy also stated that those responsible for the explosion will be found and sentenced by the courts...