Calamos Supports Greece

Greek Crisis

Demetris Christofias: Cypriot Economic Trouble Rooted in Greek Woes

Cyprus President Demetris Christofias on Sunday blamed the island's economic troubles on neighbouring Greece's woes and insisted that reforms by his government would check a growing public deficit. "The economy of Cyprus continues to have healthy foundations despite the problems,...

Antonis Samaras Cannot Attend EU Summit

Greece's government says its new prime minister will not be well enough to travel to a critical European Union summit in Brussels after undergoing an eye operation. Antonis Samaras underwent surgery for a detached retina Saturday. Government spokesman Simos Kedikoglou...

Coalition Government Under Question

The first fact that seems to have perturbed observers in Greece is how the new government is comprised only by MPs of New Democracy, including non-political entities and six technocrats, with no participation by either PASOK or Democratic Left. Observers...

Τhe Long Way to Australia…

“I don’t care about the whereabouts of the job. It can be underground as far as I am concerned. I don’t mind losing the sun as long as I can earn some money,” said a desperate unemployed man living...

Citigroup Chief Economist Willem Buiter Continues to Bet on Greek Exit From Euro

Citigroup chief economist Willem Buiter has fired off another shot today in the intellectual battle over Greece. In an op-ed piece in the Financial Times the expert claims that despite the recent formation of a new coalition government, “he...

Nikos Pilos Showcases Greek Rage at 2012 Berlin Browse Fotofestival

Prominent Greek photo-journalist Nikos Pilos will be presenting his latest work at this year’s Browse Fotofestival in Berlin, Germany. With many years of experience behind him, the awarded photo-journalist has travelled the world capturing wars, conflicts and human hatred...

Euro Finance Chiefs Weigh Greek Debt Relief

Eurozone Finance chiefs are weighing whether to ease the terms of Greece's latest bailout. Meeting in Luxembourg, finance ministers from Germany, the Netherlands and Finland are likely to balk at easing austerity measures Athens pledged to adopt earlier this year...

More Greeks Use Soup Kitchens as Economy Worsens

As Greece approaches five years of recession, the number of its citizens unable to provide food for themselves is increasing.  Soup kitchens in Athens used to be the preserve of undocumented immigrants and the homeless, but now more people...

European Finance Ministers Meet on Eurozone Crisis

European finance ministers are discussing how to tackle Europe's sovereign debt and banking crisis during a two-day meeting in Luxembourg.   The talks begin a series of critical economic meetings. The eurozone finance ministers have plenty on their plate in talks...

Angela Merkel Welcomes New Greek Prime Minister

German Chancellor Angela Merkel on Wednesday congratulated new Greek Prime Minister Antonis Samaras by phone and invited him for talks in Berlin. Merkel "wished him luck and success for the difficult work that lies ahead of him," Merkel’s spokesman Steffen...