Calamos Supports Greece

Greek News

Greek Elementary Students Win First Prize in European Competition

Students from a public experimental elementary school in Alexandroupolis, northern Greece, won the first prize in the European e-Twinning competition in the category for children aged 4 to 11 years, with their project Powerfulnaturekingdom.et, implemented in cooperation with the...

A Political Feast

There is a strange steaming concoction being brewed deep inside the political cauldrons of conspiracy. The offer on the menu today is a little island nestled at the far end of the Eastern Mediterranean. While the masterminds are...

Hikers Trapped in Samaria Gorge, Crete, Due to Extreme Weather

Several hikers were trapped in the Samaria gorge in Crete on Tuesday when the river that crosses the National Park overflowed, making it impossible and dangerous to cross the gorge. The gorge guards were immediately notified and mobilized in order to help the...

The 'Creativity Project': And The Prize Goes To… Naxos Students

First grade students of the all-day elementary school of Vivlos in the Greek island of Naxos starred in an inspiring short film entitled "Let's imagine the school of our dreams," winning the first prize during a special ceremony in Crete...

Tsipras: 'It Is Now the Partners' Turn to Take Steps Toward a Deal'

Greece's government is optimistic that a deal with its creditors can be reached within May, government sources said on Tuesday after the end of a cabinet meeting chaired by Prime Minister Alexis Tsipras. The government has taken actions that...

Greece, Turkey Agree to Promote Peace in the Aegean, Cyprus Solution

Greek Foreign Minister Nikos Kotzias and his Turkish counterpart Mevlut Cavusoglu expressed their support for a Cyprus solution and a shared desire for peace and cooperation in the Aegean, during joint statements after their meeting in Ankara on Tuesday. Kotzias said...

Schaeuble: Improved Climate in Greek Talks Not Matched by Substance

In statements to German reporters on Tuesday, German Finance Minister Wolfgang Schaeuble said that the Eurogroup statement on Greece did not hail the progress made in the substance of the negotiations between Athens and the institutions as much as...

ECB Raises Greek Banks' ELA Ceiling to €80 Bln

The European Central Bank (ECB) decided on Tuesday to raise the lending cap for Greek banks via the Emergency Liquidity Assistance (ELA) mechanism by 1.1 billion euros, bringing the ceiling to 80 billion in total, sources said. The decision was...

Foreign Media Reports After Eurogroup Meeting on Greece

The talks about Greece have once again drawn the attention of foreign media reports, especially after the May 11 Eurozone Finance Ministers meeting. BBC published an article focusing on Greek Finance Minister Yanis Varoufakis’ warning that the country’s liquidity is sufficient for...

Greece Taps Emergency IMF Reserves to Pay Installment

The Greek government had to tap emergency reserves in its holding account at the International Monetary Fund in order to secure the 750 million euros that were required to pay the IMF dent installment on May 12, noted a...

Golden Dawn Trial to Resume on Friday

The Golden Dawn trial in Greece was adjourned for Friday as some of the defendants have asked for the lifting of restrictive conditions placed upon them. Golden Dawn leader Nikos Michaloliakos asked for the lifting of his house arrest. The same request...

Return to Drachma May Not be Catastrophic for Greece

If Greece leaves the euro, that does not necessarily mean that the country will face an inevitable disaster, says a Bloomberg analysis. The article by Adam Slater, economist at Oxford Economics Ltd, takes the example of more than 70 cases...

Russia Calls on Greece to Join BRICS Bank

Russian Deputy Finance Minister Sergei Storchak called on Greece to join BRICS bank, an association of five major emerging national economies: Brazil, Russia, India, China and South Africa, during an interview with Greek news agency ANA-MPA. Referring to the...

Greece’s St. Catherine’s British School Excels in ECB Competition

Athens' St. Catherine’s British Embassy School stood out at the "Generation €uro Students' Awards," a competition open to all secondary school students aged between 16 and 19 who are keen on learning more about economics and monetary policy issues, winning the...

Greek Gov't Puts Hopes on ECB for Liquidity

The Greek government is putting its hopes for liquidity on the European Central Bank after Monday's Eurogroup statement that there is progress in negotiations between Athens and lenders. There is reserved optimism at Maximos Mansion that the statement will influence...