Calamos Supports Greece

Giorgos Katrougalos

Greek Pension Reform Proposal Leaked- Political Parties Reject to Endorse it

The Greek government's proposal on the anticipated reform of the pension system leaked on Monday, with most of the burden falling on incoming pensioners rather than the current ones. The 170 page proposed legislation includes significant changes in the calculation of new...

Greek Minister Wants to Ensure Crucial Security Reforms Bill Passes

Greek Labor Minister Giorgos Katrougalos is to brief today, January 4, the President of the Hellenic Republic Prokopis Pavlopoulos and political party leaders on the final proposal on the security fund reforms bill. On January 18th, the final round of...

Greek Labor Minister Katrougalos Meets ILO Chief Ryder

Greek Labor Minister Giorgos Katrougalos met on Thursday with ILO General Director Guy Ryder at the Ministry. They focused on labor relationships as well as on labor issues such as collective contracts and mass layoffs. The Minister stressed that Greece should...

Greek Labor Minister Admits End of Supplementary Pensions

Greek Minister of Labor, Social Security and Social Solidarity Giorgos Katrougalos admitted on television that supplementary pensions will be cut completely and the main pension will be 390 euros. Interviewed on Star television, Katrougalos said that the Greek government has...

Greek Labor Minister Confirms Cuts on Pensions Over €1,000

Greece's Labor Minister Giorgos Katrougalos confirmed that there will be cuts on pensions over 1,000 euros, when initially it was said that only pensions over 1,500 euros would be affected. On Wednesday the minister said that his ministry will do...

Ministries Pledge to Speed up Work of Disciplinary Councils for Civil Servants

Greece’s Administrative Reform and Labor ministers announced they will speed up the work of disciplinary councils handling pending cases of hundreds of civil servants accused of crimes or misdemeanors, following a meeting earlier in the day. Alternate Minister for Administrative...

New Law Brings Back to Greek Public Sector 900 Employees Fired for Crimes and Misdemeanors

A new law by the ministry of labor brings back to the public sector about 900 employees who had been fired for misconduct, misdemeanors and crimes. The Greek government is in the awkward position of having to abide to the...

Greek Labor Minister Admits Cuts on Supplementary and High Pensions

Labor Minister Giorgos Katrougalos admitted on Thursday that there will be cuts on supplementary and high pensions. Katrougalos spoke to realfm radio and stated that it is impossible not to have any pension cuts because the bailout agreement requires a...

Greek Labor Minister Holds Talks with Creditors' Representatives

The aim of the Greek side is to reverse the deregulation of the five-year Memorandum policy, Labor Minister Giorgos Katrougalos said on Monday after a meeting with representatives of the European Central Bank (ECB), the European Commission, the European Stability...

Third Bank Holiday Keeps Greek Banks Closed Until Monday – ECB Maintains ELA Levels

After the Greek government had promised that banks would open on Tuesday, July 7, a second bank holiday extension was officially announced on Wednesday and the European Central Bank (ECB) will keep the Emergency Liquidity Assistance (ELA) to Greece at the...