Calamos Supports Greece

Politics

Ex-Pasok Politician Lost His Sight, But Not His Courage

His “NO Vote” to the Medium Fiscal Program. “You are a tough guy” said his son when he returned from the Parliament. This is how Panagiotis Kouroublis was welcomed by his family. Although there was a pressure from his party he did not succumb...

Member of Parliament Trapped and Attacked by Angry Crowd in Central Greece

5kkiEfO9rQE An angry crowd trapped a member of the parliament in Lamia, a city in central Greece. Nikos Tsionis was in the area visiting the local office of his party, PASOK. Locals realized his presence and started protesting....

Allegations Investigated Regarding Overuse of Tear Gas

After the allegation of the President of the Pharmacy Association, about the way police were using tear gas during the demonstrations, the Public Prosecutor has decided to take action. Other allegations regarding the overuse of chemicals during the two-day general strike will...

Greece May Be out of the Woods as Parliament Passes Second Austerity Bill

The Greek Parliament passed a second austerity bill on Thursday needed to receive crucial bailout loans to prevent defaulting on its debt. Despite violent protests outside the parliament building and throughout the city center for two days, politicians went...

Top Financial Advisor Koukoulas Leaves Position

Prime Minister Julia Gillard’s top economic adviser, Stephen Koukoulas, is leaving the federal government after less than a year to return to the financial markets. Stephen Koukoulas, of Greek origin, was the Managing Director at Toronto Dominion-Bank, London. He decided...

No Shelter from the Chemical War in Central Athens

With the smell of tear gas still hanging strongly in the air, Syntagma Square and its surrounding streets are showing signs of having been engaged in chemical warfare. Voilent scenes caught on international webcams situated on rooftops, showed terrified citizens...

New Democracy Deputy Casts her Vote and Turns "Judas"

Despite a heated debate in parliament and violent demonstrations outside, the Greek parliament managed to gain the votes it needed on Wednesday to get the first of two austerity bills passed on tax hikes, spending cutbacks and privatizations. With...

Rompuy – Barroso: Austerity Measures Adoption Paves Way For Next Aid Tranche

With today΄s approval by the Greek Parliament of the revised economic programme, the country has taken an important step forward along the necessary path of fiscal consolidation and growth-enhancing structural reform, said President of the European Council Herman Van...

More Ugly Scenes on the Streets of Athens in a Bid to Stop Crucial Vote

Police cordoned off the Greek Parliament on Wednesday, June 29, so as to keep a distance between angry protesters and government ministers. A hostile mob tried to invade and stop the crucial vote on Medium-Term fiscal program, resulting in more ugly scenes. More and more protesters...

Medium-Term Fiscal Strategy Programme's Law Passed

The law outlining the Medium-Term Fiscal Strategy Programme's implementation until 2015 was passed by members of Parliament's standing committee on economic affairs on Tuesday, with the majority vote from ruling party MPs. A second reading will be completed later in...

48-Hour General Strike Scheduled for June 28th

Thousands of Greeks gathered outside parliament in Athens to protest against the new austerity package. PM George Papandreou has said that only his 28bn-euro (£25bn) austerity plan would help the state at the moment and added that if the package...

Sale of Prince Philip's Birthplace Causes Uproar on Greek Islands

Government proposals to include a Royal palace on Corfu where Prince Philip was born has sparked off a stream of protests from around the country, mostly from residents on Greek islands who object to the sale of national heritage...

Germany Rejects Greece Exiting The Euro

Germany rejects the idea of Greece exiting the euro, a country’s finance ministry spokesman said on Monday. It would be a “bad sign” for the Eurozone and also wouldn΄t serve as a "Plan B" in the event that current measures...

Large Protest Banners Hung on Acropolis

Large protest banners with the words, ''The people have power and will never give up'' in Greek and English was hung on the Acropolis Monday morning. The banners flutter over the hill in central Athens where the Parthenon is located. They...

Greek Vice-President: Drachma Return Talk “Immense Stupidity”

Vice-President of the Greek government Theodoros Pangalos blasted suggestions that Greece should exit the euro and return to the drachma as an “immense stupidity”. In an interview with daily Spanish newspaper El Mundo, Pangalos said that those who say this...