Calamos Supports Greece

Yiannis Vroutsis

Worried Greeks Flee For Pensions

Anxious that there will be an increase in the retirement age and reduced benefits, hundreds of thousands of Greeks are fleeing the public and private sector to grab a pension now, even as the number of workers supporting the...

Greek Admin. Reform Minister Meeting with Troika Ends Without Agreement

A meeting between Administrative Reform Minister Kyriakos Mitsotakis and the heads of the troika of Greece's lenders concluded at the Finance ministry on Thursday evening without a substantive agreement, either for the completion of the second wave of gradual...

Bank Battle Hangs Up Troika Deal

The biggest stumbling block for Greece in its long-stalled negotiations with international lenders is how much more money already-recapitalized state banks are going to need. That's hanging up a deal that's blocking release of a pending nine billion euro ($12.46...

Greek Labor Minister and Troika Meeting Ends Without Deal

The second meeting between the inspectors for the country's international creditors and Greek Labor Minister Yiannis Vroutis, held earlier on Tuesday in Athens, ended without a decision being reached. According to a high-ranking official of the ministry, the negotiations are...

Long Troika Talks Stall Yet Again

A week after saying it had a deal in hand, the Greek government now is admitting that negotiation with its international lenders have sputtered again over unresolved reforms and a disputed hole in the 2014 budget. Envoys from the Troika...

Samaras in Paris for Youth Employment Meeting

Greek Prime Minister, Antonis Samaras is travelling to Paris today, in order to participate in the second European summit that will take place in the capital of France. The subject that will be discussed in the summit, is the...

Greece Just Keeps Bleeding Jobs

Prime Minister Antonis Samaras' touted "success story" for Greece is floundering again in the wake of statistics that showed nearly 35,000 jobs more were lost than created in October, according to the Labor Ministry’s Ergani database, which records hirings...

New Cuts and No Pension Before 62

The social security issue is once again on the table after the statements of the Finance Minister Yiannis Stouraras, and of the Labor Minister Yiannis Vroutsis in Parliament. Mr. Vroutsis made clear, that the law will be strictly implemented...

Greece Will Change Mass Layoff Rules

In a bid to attract investment and create jobs, the Greek government has agreed to change the rules regarding mass layoffs, European Economic and Monetary Affairs Commissioner Olli Rehn said in response to a question from a Greek member...

Inspectors Hunting Uninsured Workers

With Greece's pension fund broke, partly because of unpaid obligations from businesses, more than 1,000 inspectors are scouring the country searching for uninsured workers and the bosses employing them. Labor Minister Yiannis Vroutsis warned employers with uninsured workers that they...