Calamos Supports Greece

Greek News

Greek City of Volos Could Enter Guinness Book of Records Thanks to Tsipouro

The Greek city of Volos could become the setting of yet another Guinness World Record. Members from 20 Guinness Record-holding countries will visit Volos as part of a conference that aims to promote the area. The world record will be broken in...

Finance Ministry Reportedly Bans Beach Parties on Greek Islands

The Greek party is over - at least on paper it is. According to Greek media reports, the country's Finance Ministry informed all involved parties in the Greek islands, including authorities and businessmen, that a number of activities on the beach are illegal. Loud music, beach...

SYRIZA Central Committee Session Turns into a Battlefield

Greece's ruling party looks likely to will split in two after Thursday's Central Committee emergency session saw the Left Platform accusing Prime Minister Alexis Tsipras of "shackling Greece with a bailout Memorandum." Earlier in the meeting, Tsipras asked for party unity in...

Varoufakis May Face Criminal Prosecution

Former Greek Finance Minister Yanis Varoufakis may face criminal prosecution after senior state prosecutor Efterpi Koutzamani ordered Greece's Parliament to examine several complaints against him. So far, Varoufakis is slapped with five separate lawsuits, with serious charges of "treason, violation of privacy data, breach...

Greek PM Tsipras Threatens Dissidents with Snap Grass Roots Party Referendum

Greek Prime Minister Alexis Tsipras said on Thursday he will call for an emergency referendum within SYRIZA, which is split over a bailout agreement that demands austerity reforms. "I propose to the Central Committee to hold an emergency congress to discuss being...

German-Greek Cultural Association to Host Film Festival in Berlin

With the ongoing developments of the Greek crisis in the past five years, Greek-German relations are not exactly the strongest at the moment. Amid the political tension between the two countries, the German-Greek Cultural Association, founded in Berlin in 2015 in...

IMF May Not Participate in Third Greek Bailout

The International Monetary Fund (IMF) said it may not participate in Greece's third bailout program due to the country's growing debt and poor record implementing previous economic reforms. This means that while IMF staff will continue to participate in current negotiations around the Greek debt...

Greece Will Be in Debt Until 2073

Greece's obligations to creditors after the completion of the third bailout program will go all the way to 2073, a Business Insider report said. The concern about the sustainability of the Greek debt makes some Eurozone countries demand more reforms on...

Wealthy Tourists Still Choose Greece for Their Summer Vacation

Greeks may be trying their luck in other countries across the globe due to the financial crisis and political instability but Greece still remains one of the top summer destinations for wealthy tourists, noted Bloomberg. The news agency noted that Greece accounted for...

Greek Ambassador to the U.S. Criticizes Bailout Deal

The Greek Ambassador to the United States, Christos Panagopoulos, said that the reforms creditors require in order to sign Greece's third bailout will not cure the country's ailing economy. Panagopoulos spoke to USA Today's Owen Ullmann and said that the...

Greek Minister Kountoura: Greece Remains one of the Top Tourist Destinations

In two interviews with Al Jazeera, Greek Alternate Minister for Tourism Elena Kountoura thanked the tourists that had chosen Greece for their holidays and noted that tourist traffic is higher than last year. Kountoura noted that tourism is still high on...

Greek Minister Announces Changes to Property Tax, More Inspections

Greece's Alternate Finance Minister Tryfon Alexiadis announced plans to revise a special property tax with the aim of lightening the burden for low incomes and small property holders, without changing a 2.65-billion-euro revenue target. He also announced a package...

New Archaeological Findings of Apollo Sanctuary on Greek Island

New excavation work at an Archaic sanctuary site on an Aegean Sea islet unearthed important findings about its size and organization, Greece's Culture Ministry announced on Wednesday. Excavations on the small uninhabited islet of Despotiko --located off the popular island...

Greek Drivers Avoid Insurance Due to Financial Crisis

Drivers in Greece often admit to dangerous driving, while the country has recorded one of the highest road fatality rates in Europe. However, they are often found uninsured. A recent survey revealed that Greece has the highest percentage of uninsured...

The King of Morocco's Big Fat Greek Vacation

King Mohammed VI of Morocco and his wife Princess Lalla Salma travelled to Greece and spent about 5 million euros for their 7-day vacation in the Ilia region, on the western coast of Peloponnese. The King of Morocco arrived last Wednesday, accompanied by his wife, two children,...