Calamos Supports Greece

Politics

Greek Minister Claims German Firms Encouraged Corruption

Greek Defense Minister on Wednesday charged German enterprises with encouraging corruption in his country over a long period.  He cited alleged bribery in a deal to buy submarines from the Ferrostaal firm. "There is an annoying problem ... which is...

Foreign Minister Droutsas Interviewed by Turkish Paper "Hurriyet"

In an interview with the Turkish newspaper Hurriyet, Greek Foreign Minister Dimitris Droutsas said that the exploratory talks need to produce a result.  He added that from the contacts and statements that have been made, it is perceived that the...

Expatriate Former Minister Responsible for Labor Election Disaster

Labor members accused expatriate former Minister of New South Wales, Mr. Michael Costa, of their party’s debacle at political elections.  The elections took place on Saturday, due to the fact that he failed to denationalize Public Electricity Corporation. One...

Greek Civil Servants Face 40 Hour Work Week

Greek Interior Minister Yannis Ragoussis hinted at longer working hours for civil servants, whose union has already voiced opposition to such a move, in an interview published Saturday, AFP reported. Asked by the daily Kathimerini if state employees might have...

Greece Considers Availability of Additional Air Bases Regarding Libya

In addition to the air bases of Souda, Araxos and Aktion, the Greek government is considering making available the air bases of Tanagra (Beoetia), Kasteli (Crete) and even Elefsina, as its allies submit more and more requests for airplanes. According...

Papandreou Optimistic Following EU Summit

Greek Prime Minister George Papandreou comments on European Union leaders’ approval of a permanent debt-crisis mechanism for euro-area countries starting in 2013. Papandreou spoke to reporters today in Brussels after the EU summit, which also affirmed March 11 decisions to...

Greek PM: Restructuring Could Cause Bank Collapse

Greek Prime Minister George Papandreou said that restructuring Greece’s debt would probably cause the collapse of Greek banks, according to Reuters. George Papandreou defended bailout loans to Greece, as German taxpayers would profit from the support, he said in an...

Student Outrage over Attempt to Speak with Papandreou, Syros (video)

Teargas, stones, bitter oranges and even chairs flew in the air.  Clashes erupted between riot police and protesters on the island of Syros, as High school and University students attempted to speak to Greek Prime Minister George Papandreou ,...

Greek Leaders Claim to have Balanced Stance on Libya

Foreign Minister Dimitris Droutsas, in an interview on a private television station on Monday, stressed that Greece has a "balanced" position on Libya. The position was echoed by Defence Minister Evangelos Venizelos in a newspaper interview also appearing on Monday. "Greece...

Greece's Participation in Operation against Libya Costs 1 Million Euros Daily

The military operation against Libya has hardly started, yet a Greek television channel reported that the country’s war participation will cost one million euros per day! This spending refers to the participation of one frigate, one radar aircraft, two...

Greek Military Bases Prepare for Massive Landing of Ally Aircrafts (video)

Greece has decided to allow NATO forces to use Greek bases in Souda and Aktio for military operations, if needed.  The nation will offer up to four F16s of the Greek Air Force to help it patrol the no-fly...

6 Belgian F-16 deployed in Greece – Dutch aircraft still to come against Libya

Six Belgian F-16 fighter jets are currently stationed at the Greek air base of Araxos, near the city of Patras. The fighter jets together with a frigate in the Mediterranean Sea have been deployed in the context of a...

Greece Welcomes UNSC Sanctions on Libya

NATO member Greece called for an immediate ceasefire in Libya on Friday, saying it wanted a peaceful solution to the conflict and smooth transition to democracy. Greek Foreign Minister Dimitris Droutsas said that Greece was, however, ready to cooperate with...

Protesters Attack Deputy PM Pangalos (video)

Dozens of protesters jeered outside a restaurant near Athens where Deputy Prime Minister Pangalos was having dinner with a small group of fellow Socialist lawmakers. When he tried to address the crowd, they threw yoghurt. The protesters also hurled a...

PM Briefs President on Eurogroup Summit Outcome

At a meeting with President of the Republic Karolos Papoulias on Monday, the Prime Minister briefed Papoulias on the outcome of the Eurogroup Summit and the decision to extend the repayment period for Greece's 110 billion euro EU/IMF bailout...