Calamos Supports Greece

European Comission

European Commission VP: Greek Banks Must Recapitalize by Year's End

According to Reuters the European Commission Vice President, Valdis Dombrovskis stressed that Greek banks need to recapitalize by year's end. Dombrovskis met with Bank of Greece governor Yannis Stournaras on Tuesday during his visit to Athens and reiterated what creditors and...

Could Greece’s Debt and Bailout Plan Be Illegal?

By Belén Olmos Giupponi*, University of Stirling As Greece and its international creditors race to agree on a bailout deal, the issue of the legality of Greek debt has been raised. The Greek parliament’s Truth Commission on Public Debt has released...

European Commission to Investigate Merger of Greek and Azeri Gas Transmission Companies

The European Commission has just started an in-depth investigation in order to assess whether the proposed acquisition of Greek public gas transmission system operator DESFA by the State Oil Company of Azerbaijan Republic (SOCAR) is in accordance with the...

Greece: 15% Gender Pay Gap

Working women in Greece are paid an average of 15% less than men; the same percentage on an EU level is 16.4%. This was highlighted by European Commission data on the wage gap between men and women in the...

Troika in Athens Before the End of January

According to European Commission spokesman Olivier Bailly, Troika inspectors will return to Athens, Greece, before the end of January. As reported by Bailly during a press conference on Thursday, January 16, discussions between the Greek government and the representatives of...

Tsipras Calls for Patriarch Bartholomew’s Support on Migration Policy

In a meeting on Thursday, Alexis Tsipras, the president of SYRIZA, asked for the support of Ecumenical Patriarch Bartholomew and churches from other countries on the universal humanitarian request for a change on the current migration policy. That policy...

BBC Comments on Greece’s Waste

An article by BBC correspondent Mark Lowen, entitled "Greece Waste: Mounds of Filth on an Island Paradise," comments on the problem of waste management that Greece is facing. The article describes the atmosphere at the Fyli landfill as suffocating, noting...

Santorini's Cherry Tomato Receives Protected Status

The Greek island of Santorini isn't just famous throughout the world for its beauty, but also for its cherry tomatoes (Tomataki Santorinis), which grow exclusively in the eastern Aegean island's volcanic soil. The meager rainfall, wind and high temperatures encourage...

160 Million Fund for Youth Unemployment in Greece

According to the European Commission, the total amount of 160.24 million Euros will be provided to Greece in order to support the unemployed youth during the years 2014 and 2015. The funds are part the European Youth Employment Initiative. The...

EC Takes Greece to Court For Nitrate Pollution

On the recommendation of Environment Commissioner, Janez Potočnik, the European Commission is referring Greece to the EU Court of Justice for failing to take measures to guarantee that water pollution by nitrates is addressed effectively. Although the Nitrates Directive...