Calamos Supports Greece

Angela Merkel

Cyprus Will Exempt Small Savers From Tax

In a frantic bid to get support from Parliament before a crucial March 19 vote on a savings confiscation plan demanded by international lenders in return for a 10 billion euros ($13 billion) bailout, the Cypriot government said it...

Cyprus Can Revise Savings Seizure Plan

With reports that new Cypriot President Nicos Anastasiades admitted he didn't have the votes to pass a confiscation tax of up to 9.9 percent on bank deposits and force account holders to pay part of a bailout ordered by...

Anarchists Target Judges, Cops, Witnesses

A militant anarchist group, one of a number in Greece, has claimed responsibility for a bombing at a package shipping firm and is threatening further attacks on judges, police and prosecution witnesses in a terrorism trial. No one was...

Merkel Ally Says Greece Still In Peril

While Greek Prime Minister Antonis Samaras is trumpeting that he has saved Greece from being forced out of the Eurozone and won't impose any more austerity measures, a senior conservative ally of German Chancellor Angela Merkel said there's still...

Greece's Hopeful Cry: "The Tourists Are Coming!"

Hoping that there won't be a repeat of last year's incessant protests, strikes and riots against austerity measures which led to images around the world of ports, airports and public transportation being shut down, Greece is projecting a big...

Germany Marks WWII Debt Write-Off

As German Chancellor Angela Merkel continues to insist on harsh austerity measures for Greece in return for international bailouts she supports, Germany on Feb. 27 noted the 60th anniversary of an agreement in which it was allowed to write...

Samaras Sees Rocky Road Before Recovery

Greek Prime Minister Antonis Samaras has warned his Cabinet that despite an infusion of $69 billion in rescue loans and more expected, that the country faces months of social upheaval as more austerity measures are worsening a deep recession. Samaras...

Hollande Receives Friendly Welcome in Greece

The French press highlighted the warm welcome French President Francois Hollande received in Greece, as well as his confidence in the country. He came to Greece to send not only "a message of friendship, but a message of support, a message of trust, a...

ECB’s Asmussen Presses Cyprus Deal

A European Central Bank (ECB) Executive Board member, Jorg Asmussen, said it's critical for the stability of the Eurozone to finalize a bailout deal for Cyprus' faltering economy by the end of March, a month after the country's Presidential...

Greece Parades in German Carnival

During the traditional Rose Monday carnival parade in Duesseldorf, which is considered one of the most exciting events during Halloween in Germany, Greece sure made its presence more than apparent. The carnival float that drew everybody’s attention depicted a Greek...