Calamos Supports Greece

Troika

Greek Coalition Quarrels Over Worker Layoffs

ATHENS – Greece’s already uneasy coalition government is fraying further as a dispute has developed between Conservative Prime Minister Antonis Samaras and his Leftist partners, who said they will not go along with a plan being considered to lay...

Layoffs Coming for Thousands of Greek Workers

ATHENS – Saying that “the numbers don’t add up,” for Greece to make 11.5 billion euros ($14.16 billion) in cuts ordered by international lenders to keep lifeline loans coming, Finance Minister Yiannis Stournaras said the new coalition government is...

German Magazine Brands Tsipras EU Enemy Number 1

ATHENS - Greek Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras, whose party is the main opposition to a new Greek coalition government and has been a firebrand against austerity measures, is the most dangerous politician in Europe,...

Troika Finds Cyprus 'In Worse State than Expected'

International lenders assessing Cyprus's bailout needs found the economy in a "worse state than expected" and in need of painful adjustment in coming months, according to reports. Officials from the International Monetary Fund, the European Commission and the European Central...

Greece Being “Invaded” by Waves of Immigrants, Detains 6,000

ATHENS – Even as authorities continue a sweep of illegal immigrants and planning to build detention centers to house them – and ready to deport some 200 Pakistanis – Greek Public Order Minister Nikos Dendias said the country is...

Desperate Greece Set to Raise Retirement Age to 66

ATHENS – Looking to slash government spending everywhere it can to satisfy the demands of international lenders, the  coalition led by Prime Minister Antonis Samaras is mulling whether to force Greeks who were set to retire to work at...

ECB Acts to Head off Greek Bankruptcy

The European Central Bank has moved to stave off Greece bankrupcty for the time being by guaranteeing additional emergency loans from the country's central bank, a German newspaper reported Saturday. The ECB's governing council decided at a meeting Thursday on...

Samaras Will Boot New Democracy MP for Tweeting Criticism

ATHENS – A former Deputy Labour Minister under the ruling New Democracy party who stepped down last month to protest Prime Minister Antonis Samaras’ decision not to try to renegotiate harsh terms of bailouts with international lenders as he...

Greece Resumes Debt Talks With Inspectors

Greece's international creditors have called on Athens to provide more details on its 11.5 billion euro austerity plan needed to keep open funding lines to the country, a senior Greek government official said Thursday. In the first meeting between a...

Greek Coalition Partners Disagree, But Back More Austerity

ATHENS –After a tense showdown that threatened to break up an already uneasy coalition government, Greek Prime Minister Antonis Samaras said on Aug. 1 that he had convinced his reluctant partners, PASOK Socialist leader Evangelos Venizelos and Democratic Left...