Calamos Supports Greece

Venizelos

Greece’s Deal with the Devils: Did Anybody Read this Thing?

ATHENS – At least he didn’t say the dog ate the memorandum or go “hummana hummana hummana" while looking sheepish and wiping his face, like Jackie Gleason’s portrayal of Ralph Kramden confronted by wife Alice when he screwed up...

Greek Minister Chrysochoidis Says He Didn’t Read Troika Demands!

ATHENS - Development Minister Michalis Chrysochoidis, who has stated he wants to take over the leadership of the PASOK Socialist party, which has been in shambles and sliding deep in the polls since the resignation of George Papandreou as...

Time Running Out Fast for Greece While Investors Balk at Losses

ATHENS – While the government keeps insisting it soon expects a deal with private investors to write down the country’s debt, as part of a second bailout package needed to keep the country from defaulting, there was reportedly little...

Germans Remain Optimistic and Continue to Give Economic Advice to Greece

ATHENS – As German Foreign Minister Guido Westerwelle arrived in Greece on Jan. 15 for talks with political leaders of the debt-crushed and cash-starved country, with a message of support from European officials, German Chancellor Angela Merkel said Greece...

Papandreou Changes His Mind, Refuses to Step Down as PASOK Leader

ATHENS – PASOK Socialist leader George Papandreou, who had promised to step down so that his party could have a new leader and candidate for Prime Minister in elections scheduled for April, said he won’t give up just yet...

Divide Emerges Between IMF and EU Over Failed Greek Austerity Measures

ATHENS – Some 21 months after Greece began to impose harsh pay cuts, tax hikes, slashed pensions and scores of thousands of layoffs of public workers in a desperate attempt to keep from defaulting on loans, although it is...

End of an Era: Papandreou Set to Leave PASOK Stage

ATHENS – Like his father Andreas 30 years before him, George Papandreou was the Prime Minister of Greece until being hounded out of office on Nov. 11, 2011 following 18 months of protests, riots and strikes, after he imposed...

Merkel and Sarkozy Urge Greece to Take Action as Default Risk Grows

ATHENS – Greece is nearing the cusp of defaulting on its loans and going under because its political leaders have failed to implement structural reforms as promised, a memo from the International Monetary Fund has warned, leading French President...

Greek Deficit Worsens, More Austerity and Pain Looms in the Future

ATHENS – Interim Prime Minister Lucas Papademos’ pledge that his coalition government will not hit weary Greeks with more austerity measures may fall by the wayside after a Finance Ministry report that showed the country’s deficit is not falling...

Greek Prosecutors Say Middlemen Interfered in Their Cases

ATHENS – Two Greek financial prosecutors who earlier resigned after complaining about political interference with their work – and then quickly returned – have stated that politicians and business executives used go-betweens to pressure them to speed up or...