Calamos Supports Greece

Politics

Financial Minister States that IMF Isn't Discussing Debt Restructure

The International Monetary Fund (IMF) General Director Dominique Strauss-Kahn reiterated the IMF's position that a restructuring of the Greek debt at this time will not help because the cost would be greater than any benefit, during a discussion in...

Former PM Costas Simitis says Greece should restructure debt

"A well-prepared restructuring will essentially improve our situation," Simitis told To Vima newspaper in an interview. "As long as it is being delayed, the debt which cannot be restructured gets bigger." Simitis, chief architect of Greece's entry into the euro...

Papandreou No to Elections and Debt Restructuring

George Papandreou presented on Friday his proposal titled “A Road Map for Greece of Creation” to the Cabinet, but as he made crystal clear, the context of this proposal will be published after Easter time. Greek PM referred persistently to...

Greek Minister of Health Attacked with Eggs and Paint (video)

Health Minister Andreas Loverdos, during an event organized by the Municipality of Agios Anargiros, was attacked by a group of 15 people.  A fight broke out between demonstrators and members of municipal councils. The attackers reportedly stated that they are supporters...

Ex-minister convicted for making false income declarations

Former Greek Transportation Minister, Tasos Mantelis was sentenced Wednesday to three years' probation for not being able to explain the source of his income. The prosecutor's office accused him of receiving illegal donations to his campaign from the German group...

Greek Government Filibusters On Fiscal Measures

The guidelines of the measures for the period 2012-2015 are planned to be presented to the Cabinet on Thursday, however the planning, which may change again, refers to gradual announcements made possibly by Greek Prime Minister George Papandreou. A deadline...

Former Greek Deputy Minister for Health said the division in the Greek community in Sydney should not be tolerated

A visiting Greek MP has taken a swipe at the division in the Sydney Greek community, saying that Greece will not send representatives to Greek National Independence Day events in the city, until the rift is healed. According to reports...

Panagiotis Psomiadis Faces Court Again

The Head of the District of Central Macedonia, Panagiotis Psomiadis, is in court facing charges of failing his duties. According to the charges brought by a high-ranking employee in the District of Central Macedonia, Mr. Psomiadis is accused of decreasing...

Ex-Minister: Greece Urged to Seek IMF Aid in 2004

In an interview published on Thursday, former Minister George Alogoskoufis said that former Prime Minister Costas Karamanlis and his government were fully aware of his nation's dire economic situation, but they did not take any direct steps so they...

Mikis Theodorakis in Rare TV Appearance (Video)

“Stunning!” That's the only single word that shot in the minds of thousands of Greeks who watched composer and politician Mikis Theodorakis talking on a live television broadcast on Thursday morning. In a live link with private ANT1 TV, the...

Praise for Greek Expatriate Community in Victoria

The Greek Consul General in Melbourne, Eleni Lianidou, had a meeting at the Premier’s office with the Premier of Victoria, Ted Beiliu, and expatriate Minister for Multicultural Affairs, Nicholas Kotsiras. Their meeting focused on further strengthening the relations between...

Papandreou Receives George Soros at Parliament

Prime Minister George Papandreou on Monday held a meeting with well-known investor and financier George Soros, who visited the Premier at his office in Parliament. The meeting was later attended by Finance Minister George Papaconstantinou. No statements were made afterward....

Greek FM: According to the Libyan envoy, Gaddafis looking for way out…

Greece's foreign minister said after a meeting in Athens between the prime minister and a Libyan envoy that the Gaddafi's regime was "looking for a solution." The New York Times reported that at least two of Gaddafi 's sons are...

Libyan official in Athens to deliver Gaddafi message

Libyan Deputy Foreign Minister Abdelati Obeidi arrived in Athens on Sunday to deliver a message from Libyan leader Muammar Gaddafi to the Greek Prime Minister, a senior Greek government official told Reuters. "They (Libyan government) requested to send an envoy...

Senator Xenophon Campaigns Against Monopoly

Independent expatriate Australia’s Senator, Nick Xenophon, an anti-gambling campaigner and politician, is struggling against supermarkets' monopoly. Mr. Xehophon believes that the government should take steps to put an end to monopoly, which can lead to obliteration of small companies...