Calamos Supports Greece

Greek News

Undeclared Work in Greece Reaches 13.22%

As part of the “ARTEMIS” business plan, Greek companies were audited between September 2013 and February 2015 in order to determine how many Greeks were doing undeclared work. As it turns out, 13.22% of the audited companies were employing...

Roma Children Receive Computers Thanks to Young Greek-American

Thanks to the initiative of 17-year-old Greek-American Aristotelis Aslidis, who managed to raise 5,000 dollars and purchase computers, the lives of 150 Roma children in Thessaloniki, northern Greece, will change. Aslidis, a New Jersey resident, launched a web campaign -...

Creditors Pour Cold Water On Greece Talking About 'Slow Progress' And 'Vague Proposals'

As Greece is struggling to reach a deal over austerity measures with its European creditors in order to unlock the vital €7.2 billion euros it desperately needs and make a €300-million payment to the International Monetary Fund (IMF) on Friday, Eurogroup President Jeroen...

Greek State Minister Confirms Greece has Submitted Proposal to Institutions

Greece officially submitted a complete, comprehensive and compact draft of its proposals to the country's creditors on Monday night, Minister of State Nikos Pappas said on Tuesday, confirming earlier reports citing government sources. He noted that this was a requirement...

Blatter Resigns as FIFA Chief

Sepp Blatter resigned as FIFA president on Tuesday, four days after being re-elected to a fifth term. Blatter, 79, announced the decision at a news conference in Zurich, six days after the FBI raided a hotel in Zurich and arrested...

4.4 Magnitude Quake Strikes Greek Island of Kefalonia

A 4.4-magnitude earthquake has struck on the western Greek island of Kefalonia, the Athens Geodynamic Institute reported. The tremor occurred at 4:04 p.m. local time on Tuesday, with its epicenter 5 kilometers (3.1 miles) beneath the island's surface. No damage or casualties have...

Major Cocaine Bust by Greek Police Narcotics Unit

A criminal gang importing large quantities of cocaine into Greece has been dismantled in an operation by the Greek police narcotics unit on Tuesday. Four gang members have been arrested in Athens - three Albanian nationals and one Greek -...

Michael Essien in Athens to Join Panathinaikos

Ghana international and former Chelsea midfielder Michael Essien arrived in Athens on Monday night to join Panathinaikos F.C. after the Athens-based club secured a Champions League spot last weekend. The 32-year-old football player is expected to begin the next chapter of his career...

TIF-Helexpo Signs Cooperation Agreement with China's Canton Fair

TIF-Helexpo signed a cooperation agreement with one of the largest exhibitions of China, the Canton Fair, which takes place twice a year and presents products and services from almost all sectors of the economy. This agreement incorporates TIF-Helexpo to the...

U.S. Senator Menendez Opposes Ambassador Koenig's Statement on Cyprus

U.S. Senator Bob Menendez issued a statement expressing strong opposition to comments made by U.S. Ambassador to Cyprus John Koenig on Wednesday at the University of Cyprus where he said that he did not regard the Cyprus problem as...

Police End Hostage Situation in Greek Ship Traveling to Piraeus

The passengers on the Greek ship KRITI II witnessed a terrifying experience when a women was held hostage by a man in the ship’s café area. According to the passengers, the man suddenly started yelling and causing problems. Before anyone...

Greece Seeks to Sign Memorandum for Natural Gas Pipeline with Russia‏

Greek Productive Reconstruction, Environment and Energy Minister Panagiotis Lafazanis on Tuesday said that intense efforts were made to promote a significant project for Greece and Russia, the Greek Stream project. In an interview with Russia-24, following completion of a...

New Democracy Lashes Out at Government on its Negotiation Policy

Main opposition New Democracy (ND) spokesman Costas Karagounis on Tuesday lashed out at the Greek government on its negotiation policy. More specifically, he accused the government of having admitted that "the so-called proud negotiation has ended up in an ultimatum." "Until last...

Greek Economy on Downward Slope in May, Despite Slight Improvement in Some Sectors

The Greek economy went again on a downward slope in May, according to a survey by the Foundation for Economic & industrial Research (IOBE). The economy index fell to 91.4 points, compared to 92.7 points in April. The new, negative...

German Media: The Last Offer to Greece

German media today are mainly focusing on the meeting between German Chancellor Angela Merkel, French President Francois Hollande, ECB President Mario Draghi, European Commission President Jean-Claude Juncker and IMF director Christine Lagarde, in Berlin. The German newspapers Die Welt, Die...