Calamos Supports Greece

Greek Crisis

Jens Weidmann: Greece Must Keep Bailout on Track

Greece must get its reform program back on track if the so-called troika of the European Union, IMF and European Central Bank judges that it has deviated from the plan, Bundesbank President Jens Weidmann was quoted as saying on...

Lagarde: IMF Team to Head to Greece As Soon As Government is Formed

The International Monetary Fund (IMF) will send a team to Greece to review the country's stumbling rescue program as soon as a new government is formed, IMF managing director Christine Lagarde said Tuesday. "We will wait until a government is...

Increase In Tomb Raiders, Lack of Cash

Driven by the serious economic crisis bringing the country to its knees, a growing number of Greeks are becoming makeshift ''treasure hunters'' (although it might be more appropriate to call them ''tomb raiders'') and have taken to digging up...

Merkel: Greece Must Stick to Bailout Terms

German Chancellor Angela Merkel is insisting that Greece must implement the reforms it agreed to in exchange for rescue loans from international creditors. German news agency DAPD reports that Merkel said at the Group of 20 summit in Mexico that...

Costas Simitis Urges Coalition Government

Former Greek Prime Minister Costas Simitis said New Democracy, Pasok and Democratic Left are obligated to form a stable and effective coalition government, Skai TV reported, without saying where it got the information. Simitis, the former head of the socialist...

Sigh of Relief at G20 Summit Over Greek Election

Leaders of the world's largest economies began to assemble Sunday in a Baja California desert resort just as Greece's pro-bailout New Democracy party won the national elections, a vote for the financial status quo that could keep panic under...

Guido Westerwelle: Greece Must Keep Its Promises

On the evening of a Greek election crucial to the future of the euro, German Foreign Minister Guido Westerwelle joined other German politicians in a pledge to help Greece on Sunday, but warned that the new government must stick...

The Election That Could Change the Global Economic Landscape Have Begun

Ballots have opened nationwide in Greece for a critical general election that will determine whether the debt-laden country will complete painful austerity reform or see its eurozone future jeopardized. Some 9.8 million Greeks began voting at 7am local time on...

Desperate Mother Who Stole Milk Released from Charges of Theft

The 32-year-old mother who stole milk and ice-cream to feed her starving kids was left free of charge in Heraklion, Crete. The Heraklion prosecutor had issued an arrest warrant against her yesterday, but the day after she was acquitted....

Merkel: Hope Greek Election Will Produce a Government that Keeps Promises to Europe

German Chancellor Angela Merkel says she hopes Greeks will elect a new government that stands by the country’s promises to international creditors in this weekend’s election. Greeks vote Sunday amid fears the country could be forced out of the euro...