Calamos Supports Greece

Politics

Apathetic Greek Rally Against Golden Dawn

Hundreds of Greeks and activists from 19 other European countries took to the streets of Athens on Dec. 15 in protest against the Greek neo-Nazi Golden Dawn party critics said is behind some of the growing assaults against immigrants...

A Dark Christmas Coming For Greece

With Greeks limping to the end of a fifth year of recession and readying for another, along with more pay cuts, tax hikes and slashed pensions, many are foregoing Christmas celebrations or planning family gatherings with everyone chipping in...

Greek "Wise Men" To Tackle Tax Evasion

Unable to stop runaway tax evasion in a country that is the most corrupt in the European Union, the Greek government is planning to create a so-called “Committee of Wise Men” to come up with some other way to...

Greek Language Promoted in Australian Schools

Modern Greek is one of the top five languages other than English spoken in Australia, with more than 250,000 Australians stating in the 2006 Census that they spoke Greek at home. Greek is one of the eleven languages which are...

Juncker Says Cyprus Worse Off Than Greece

The fiscal situation in Cyprus, the fifth Eurozone nation to seek a bailiout  is “more serious than Greece,” a danger overlooked by markets, the financial bloc's chief Jean-Claude Juncker said. “My priority in the short-term for 2013 is Cyprus,” Juncker...

Greeks Still Think Greece in Trouble

While Prime Minister Antonis Samaras is crowing that he has saved Greece from leaving the Eurozone by securing a first series of 52.5 billion euros ($68.94 billion) in new rescue loans from international lenders, a vast majority of Greeks...

Kammenos Says Samaras Greece's "Chancellor"

Independent Greeks leader Panos Kammenos, struggling to keep his party together in the wake of defections and waning support, lashed out at some of his former members on Dec. 14 and accused Prime Minister Antonis Samaras of following the...

Troika Loans Coming Fast for Greece

After getting the formal approval on Dec. 14 from the Eurozone finance ministers he was meeting in Brussels for a surge of 52.5 billion euros ($68.6 billion) in a series of more rescue loans over the next few months...

EU Lawmakers OK Podimata Tax

The European Parliament has voted for a proposal put forth by a PASOK Socialist lawmaker, Anni Podimata, for a tax on currency exchanges and financial transactions she said would deter speculators. The so-called Tobin Tax is named for Nobel Prize...

Greek Parliament Workers Escape Austerity

Greek Parliament workers will be exempted from further austerity measures the government has imposed on workers, pensioners and the poor after Prime Minister Antonis Samaras backed off on his promise to include them. The workers won the exemption last month...

Greek Tax Plan Whacks Middle Class

A new tax scheme attached to a $17.45 billion spending cut and tax hike plan for 2013-14 aims squarely at the middle class despite Prime Minister Antonis Samaras’ promise to insulate it from harsh new austerity measures. Samaras, the New...

Samaras Says Greek Sacrifices 'Not in Vain'

Prime Minister Antonis Samaras warmly welcomed the EU's release on Dec. v13 of long-awaited rescue funds for Athens, saying "Greece is back on its feet. The sacrifices of the Greek people have not been in vain." "Solidarity in our Union...

Eurozone OK's Rescue Loans For Greece

It took a long time, but finance ministers of the 17-nation Eurozone, after months of wrangling with Greece, on Dec. 13 agreed to release a first series of 34.3 billion euros ($46.7 billion) almost immediately, and another 14.8 billion...

Greece Needs Loan For Bond Buyback

Greek officials said on Dec. 12 they need an additional 1.29 billion euros ($1.68 billion) to finish a plan to buy back 30 billion euros ($31.9 billion) because the government had to offer a higher than expected price to...

Chountis Questions Greek Jobless Benefits

Nikos Chountis, a Member of the European Parliament for the far-leftist SYRIZA party, pressed European Commission officials why international lenders insisted on reducing unemployment benefits as part of austerity measures attached to bailouts. Commission officials told Chountis that Greece's unemployed...