Calamos Supports Greece

Greek pensioners

Greece's Pensioners Demonstrate Against New Cuts (video)

Hundreds of pensioners have taken to the streets of Athens to demonstrate against cuts to their pensions and health benefits. The protesters' march reached the Ministry of Finance, where a delegation presented their demands to officials. Greece’s three bailouts since 2010...

Greek Pensioners Face Losses of Up to €350 per Month in 2019 Cuts

Greek pensioners are about to lose up to €350 ($416) per month when new pension cuts are implemented as of Jan. 1, 2019. Finance Minister Euclid Tsakalotos has admitted that the new year will find Greek pensioners seeing cuts in...

Greek Pensioners Take to Athens Streets to Protest Cutbacks

Several hundred elderly Greeks shouting "shame" marched through Athens on Tuesday, protesting against deep cutbacks to pension payments ordered by the country's creditors. In weak autumn sun and a city teeming with tourists, pensioners took to the streets angered by...

Greek Riot Police Clash with Senior Protesters in Athens

Protests took place in downtown Athens, Greece, on Friday in a response to the government's social security reform plan. Amid the developing tension, riot police clashed with a group of senior protesters who were members of the All Workers Militant Front (PAME) and the Greek Civil Servants Confederation...

French Newspaper Describes Greek Crisis with Cartoon Video

http://www.dailymotion.com/video/x2zk4qb_l-impact-de-la-crise-en-grece-explique-en-patates_news French newspaper Le Monde presents the Greek crisis with an imaginative video clip describing the life and woes of the Patatopoulos family. The five-minute clip shows three generations within a Greek family and the changes in their lives since recession hit Greece...

Cypriot Elderly Man Donates His Pension to Greece

An elderly Greek-Cypriot decided to teach a lesson of generosity to Europe. According to Huffington Post, Onoufrios Michaelides took it upon himself to help his fellow pensioners in Greece, after watching Greeks line up outside banks to withdraw part...

Greek Government Will Not Implement Pension Cuts

The Greek government will abide by the Council of State's decision regarding the pension cuts of Greek citizens, assured Secretary General of Social Security Giorgos Romanias. “If the Council of State rules that cuts to basic and supplementary pensions made in...

44.8% of Greek Pensioners Live Below Poverty Line

It was revealed that 44.8% of Greek pensioners live below the poverty line with pensions that do not exceed 665 euros. Furthermore, the vast majority disability of pensions amount to 250-540 euros, while finally 60% of pensioners in all categories...

SYRIZA Tables Draft Law for Restoring Christmas Bonus for Low Pensions

Greek main opposition SYRIZA, in a proposal led by party leader Alexis Tsipras, tabled a draft law in Greek Parliament on Monday for restoring the 13th 'Christmas bonus' pension for pensioners receiving less than 700 euros per month. "SYRIZA is...

75% of Greek Pensioners Enjoy Early Retirement

Three out of four public sector and Social Security Fund (IKA) pensioners in Greece are opting for early retirement. This situation has caused the country’s pension system to become unsustainable. On Wednesday, Greek Labor Minister Yiannis Vroutsis presented data to the parliament, explaining that...