Calamos Supports Greece

creditors

Greek Government Between a Rock and a Hard Place

With creditors demanding pension cuts and a strict budget and professionals and farmers refusing to pay more security fund contributions, the Greek government is caught in the middle with its popularity waning. The clouds over Maximos Mansion are getting darker as...

Creditors Return to Greece to Start Evaluation of Bailout Program

The heads of the quartet of lenders' representatives are to return to Athens in order to start the evaluation of Greece's bailout program next week, said Commissioner Pierre Moscovici in Brussels. The commissioner on economic and financial affairs told reporters that...

Greece's Creditors Postpone Bailout Program Evaluation

Creditors have rejected Greece's proposal on security fund reforms, thereby setting further back the date of the evaluation of the progress of the bailout program. "We asked for a cow and they sent us a cat," said a representative of...

Creditors Disagree with Greece's Proposals on Security Fund Reform

There are several differences between Greece and creditors regarding security fund reforms after the Greek government made its proposal public on Monday. Athens is bound to overhaul its security fund system as an important part of the bailout program requirements....

The 10 Most Spectacular Lies and Backflips in Greek Politics in 2015

The year we're saying goodbye to started with turmoil in Greek politics. The New Democracy-PASOK coalition government was buckling under heavy pressure from the opposition and the weight of the upcoming austerity measures and reforms Athens needed to implement...

234,857 Employees Leave the Public Sector Due to Economic Crisis

The number of public sector employees has been reduced by 26 percent in the past five years, since the onset of the economic crisis in Greece. Salary reduction, changes in pension laws, employee transfers and voluntary resignations have led to...

Stratfor Report: 'Collapse of Greek Government Cannot be Ruled Out'

In 2016, Greece will be far from exiting recession, unemployment will remain high and the government will face citizen dissatisfaction and social unrest, according to a Stratfor report. "The government of Prime Minister Alexis Tsipras faces two main problems: political...

Security Fund Reforms and Farmers Taxation will put Greek Government Under Pressure

Security fund reforms and farmers taxation will be the stress test for the SYRIZA-ANEL coalition with the coming of the new year. The representatives of Greece's lenders return in the first days of 2016 in order to negotiate the "hot"...

Tsipras Believes IMF Should Be Out of Greece's 3rd Bailout

Greek Prime Minister Alexis Tsipras says he believes the International Monetary Fund should not participate in Greece's third bailout, while he announced capital controls will be lifted by the end of March 2016. Tsipras spoke to the Financial Times expressing...

Creditors Reportedly Find 2-3 Billion Euro Gap in 2016 Greek Budget

The Greek parliament voted the 2016 Greek budget less than two weeks ago. However, this might not be the country's final budget with the new year less than two weeks away. Greek TV channel Mega reports that Greece's creditors foresee that the budget will...