Calamos Supports Greece

Karamanlis

Political Leaders Mark Karamanlis' Memory

Greek political leaders set aside their ideological differences to honor statesman and former Prime Minister Constantine Karamanlis at the fouindation bearing his name as the the 15th anniversary of his death on April 23, 1998 is approaching. They came...

Austerity Drives Down Greek Deficit

Austerity measures that squeeze Greek pocketbooks are making an impact. Greece cut its deficit by a third last year, to 6.5 percent from 9.4 percent in 2011. The government expects to cut the deficit to 4.3 percent by the end...

Papandreou Becomes A Mythbuster

Pilloried for his abbreviated two-year tenure that ended in November, 2011 when he resigned in the face of relentless protests, strikes and riots against austerity measures he imposed on the orders of international lenders, former prime minister and previous...

Stournaras Slams Papandreou, Karamanlis For Crisis

Greek Finance Minister Yiannis Stournaras, upbeat that Greece will begin to recover from its crushing economic crisis as soon as October, and said it could have been averted if former Prime Ministers George Papandreou and Costas Karamanlis had taken...

Juncker Blasts "Unpatriotic" Greeks With Money Abroad

Eurozone chief Jean-Claude Juncker has castigated wealthy Greeks and those who hide their income in secret bank deposits outside the country and being unfaithful to their country at a time when many Greeks are suffering big pay cuts, tax...

Greeks Hide Accounts in Luxembourg, Lichtenstein

Greek authorities, who still haven’t checked a list of 2,062 Greeks with $1.95 billion in deposits in a Swiss bank for tax evaders, said some 54,000 citizens have accounts in foreign banks worth $19.5 billion, including in Luxembourg and...

Greece Eyes Repeal of Immigrant Citizenship

As Greece continues a sweep of illegal aliens, Prime Minister Antonis Samaras is proposing to eliminate a law that grants citizenship to immigrants, many of them minors who were born in Greece, attend Greek schools and speak Greek. With his...

Greek Publisher Anastasiadis Charged With Tax Evasion

A well-known Greek publisher who appears on television regularly has been charged with money laundering and tax evasion for having 5.5 million euros ($7.2 million) in the French bank BNP Paribas that a prosecutor said can’t be justified given...

Samaras Sucker Punches Greek Bond Holders

There’s a sucker born every minute, as P.T. Barnum may have said. And there’s a sucker puncher waiting for them, knowing that a fool and his money are soon parted. Such is the case in Greece, where Prime Minister...

Divided Greece Torn by Hard Times, Austerity

With Greece running out of cash and time, Prime Minister Antonis Samaras’ shaky coalition government faces its most crucial test on Nov. 7 when a 13.5 billion euros ($17.45 billion) spending cut and tax hike plan goes to parliament...