Calamos Supports Greece

EU

SYRIZA Sees Greek Debt Restructure

The major opposition party Coalition of the Radical Left (SYRIZA) is continuing to press its belief and agenda that Greece's staggering $390 billion debt and loans due the Troika of the European Union-International Monetary Fund-European Central Bank must be...

Mitsotakis Praised For Skipping Vacation

The German news magazine Der Spiegel has lauded Greece's new Minister of Administrative Reform, Kyriakos Mitsotakis for staying at his post and planning reforms and the transfer or firing of 25,000 public workers, and not even taking a summer...

Troika Says Defense Industries Must Go

Greece's proposal to overhaul three state-owned companies, Hellenic Defense Systems (EAS), mining company Larco and the Hellenic Vehicle Industry (ELVO) instead of privatizing or closing them has been rejected by the debt-stricken country's partners and creditors. The Troika of the...

Greece Won't Cede Privatization

Shooting down a suggestion from the country's international lenders that the country's lagging privatization program be put into the hands of a private, foreign agency to get it going, Greek Prime Minister Antonis Samaras categorically ruled it out. That...

Samaras Rules Out More Austerity

Anxiously hoping to hold to his vow not to administer any more austerity measures, Greek Prime Minister Antonis Samaras has instructed his top ministers he is unequivocally opposed to additional pay cuts, tax hikes and slashed pensions and for...

Greece Fears Attack On Troika Envoys

Greece's Counter-Terrorism unit is reportedly expecting that an unknown financial target is the next aim of terrorists choosing capitalist symbols to vent their anger over the coming transfer and firings of scores of thousands of public workers. The site newsit...

Greece Chasing No-Show Workers

Stepping up a campaign to root out disciplinary problems, troublemakers, people who've faked their credentials, and criminals still being paid, Greek Administrative Reform Minister Kyriakos Mitsotakis said he's now going after people who rarely - or never - come...

EU Disputes Troika Wants Privatization Control

The European Union has denied a report that Greece's international lenders - the EU, International Monetary Fund, and European Central Bank - want to put the country's lagging privatization program in its hands and its headquarters moved from Athens...

Spiegel Says Greek Politicians Need Pressure

The German weekly news magazine Der Spiegel has written that Greek political leaders would be incapable of pushing through reforms if not for pressure from its international lenders who have insisted on harsh austerity in return for $325 billion...

One in 10 Workers Faked Resume

As it's begun the process of transferring or firing 25,000 state workers over the next two years on the orders of international lenders, the Greek government said it has found so far that 10 percent of those it hired...