Calamos Supports Greece

New Democracy

Tsipras Urges Eurozone Debt Talks

While Greece awaits a first series of $56.7 billion in more rescue loans from international lenders and is trying to buy back its bonds at a big discount to reduce its debt, the leader of the major opposition party...

Venizelos Casts Loverdos Out of PASOK

With his party sinking fast for unrelenting support for austerity measures that are antithetical to its founding principles, PASOK Socialist leader Evangelos Venizelos ejected former minister Andreas Loverdos for trying to start a new movement. Venizelos moved swiftly to boot...

SYRIZA Bid for Greek Bailout Probe Nixed

To no surprise, a request by the major opposition Coalition of the Radical Left (SYRIZA) to investigate the decisions that led to Greece seeking bailouts from international lenders was easily defeated in the Parliament controlled by the ruling coalition...

SYRIZA's Lead Grows Over New Democracy

A poll taken just before Eurozone finance ministers agreed on a deal to release $56.7 billion in new bailout loans to Greece over the next few months showed that the lingering recession and austerity have given the major opposition...

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...

Greece's Small Bondholders Want Money Back

Investors who held small Greek bonds that were made nearly worthless after a previous government under then-Finance Minister Evangelos Venizelos imposed huge losses on them, protested outside the offices of current Prime Minister Antonis Samaras’ New Democracy Conservative party,...

Samaras Plans Post-Loan Cabinet Shakeup

Once Greece gets a long-delayed $38.8 billion installment from international lenders – now expected to be Dec. 5 - Greek Prime Minister Antonis Samaras reportedly will reshuffle his Cabinet and reward his coalition partners, PASOK Socialist leader Evangelos Venizelos...

Samaras Stripping Greeks' Civil Liberties

Greek Prime Minister Antonis Samaras’ plans to repeal laws granting citizenship to second-generation immigrants who were born in Greece, speak Greek and go to Greek school, and his embarrassing double jeopardy re-trial of an investigative journalist who revealed the...

Samaras Seeks Migrant Citizens Law Repeal

With his New Democracy Conservative party rapidly losing support to the soaring neo-Nazi anti-immigrant party that has 18 seats in Parliament, Prime Minister Antonis Samaras has proposed repealing a law granting citizenship to second-generation immigrants who were born in...

Greek Parliament OK's 2013 Austerity Budget

By a vote of 167-128, the Greek Parliament shortly after midnight on Nov. 12 easily approved an austerity-packed budget for 2013 that includes big pay cuts, tax hikes and slashed pensions as part of a $17.45 billion package that...