Calamos Supports Greece

Politics

Greek Coalition Uneasy Over Taxes, Immigrants

Greek Prime Minister Antonis Samaras’ uneasy coalition government is showing signs of strains again, barely days after it won pending approval of the release of a series of $56.7 billion in loans from international lenders, with disputes over ending...

Merkel Does Not Rule out Greek "Haircut" in Coming Years

German Chancellor Angela Merkel said she has not ruled out a so-called "haircut", or write-down, on Greek debt in the next few years, in an interview with a Sunday newspaper, marking an apparent softening in position. After being vehemently opposed...

Samaras: Greek Debt Buy-Back will Not Apply to Greece's Pension Funds

Greek pension funds will not take part in a debt buy-back that is a key part of the country's international bailout, Greek Prime Minister Antonis Samaras said in a newspaper interview. "The debt buy-back does not concern the pension funds,"...

Greek Prosecutor Probing Arms Contracts

Four defense contracts worth 7 billion euros ($9 billion) and 85 other state deals are being investigated by Greek prosecutors trying to root out possible fraud, the newspaper Kathimerini reported. The defense procurement deals were approved in 2001 by...

Merkel Acknowledges Germans' Frustration on Greece

Germany's chancellor says she understands the frustration felt by many Germans over the repeated bailout programs for Greece. But Angela Merkel also insists that helping debt-ridden Greece is in her country's self-interest because it helps stabilize the 17-nation eurozone on...

SYRIZA Bid for Greek Bailout Probe Nixed

To no surprise, a request by the major opposition Coalition of the Radical Left (SYRIZA) to investigate the decisions that led to Greece seeking bailouts from international lenders was easily defeated in the Parliament controlled by the ruling coalition...

Germany Gives Green Light to €44bn Package to Greece

Germany’s lawmakers have agreed to forgive some of its loans to Greece. Fears that the country’s default would hurt the whole EU bloc overshadowed an almost a €1bn price tag for Germany. Out of the total 584 MPs 473 voted...

Chountis Presses Rehn on Greek Loan Deal

Nikos Chountis, a Member of the European Parliament for the major opposition SYRIZA party, questioned Olli Rehn, the European Commissioner in charge of monetary affairs, about the conditions surrounding the Eurozone's agreement to release $56.7 billion in new bailout...

Patriarch Bartholomew Meets Deputy FM Tsiaras

Deputy Foreign Minister Kostas Tsiaras had a meeting with His All-Holiness Ecumenical Patriarch Bartholomew on Nov. 29 during the Greek official's visit to to Istanbul. Tsiaras informed the Ecumenical Patriarch on the progress of the draft law regarding changes to...

Leftists Widen Lead Over Conservatives in Poll

Greece's anti-bailout leftists slightly widened their lead over the ruling conservatives in a survey published on Thursday, but the share of undecided voters stood at a huge 60 percent. If an election were held now, the main opposition SYRIZA party...

EU Court Backs ECB's Greek Secrecy

The General Court of the European Union has ruled the European Central Bank (ECB) properly refused to release documents about Greece’s deteriorating economy in 2010 because “Disclosure of those documents would have undermined the protection of the public interest...

Greece Needs Loan to Buy Back Debt

Greece’s complicated loan deal with international lenders includes a scheme to let Greece buy back some of its debt at a big discount, but Finance Minister Yiannis Stournaras said the government would need to borrow as much as $18.18...

Avramopoulos Cancels Albania Trip Over Flap

Greek Foreign Minister Dimitris Avramopoulos canceled a trip to Albania after that country's Prime Minister Sali Berisha referred to a “greater Albania” including areas that belong to Greece, ahead of celebrations to mark the centenary of the Balkan country’s...

Samaras Tells Ministers: Jobs, Development Next

After winning approval from Eurozone finance ministers and the International Monetary Fund for the release of $56.7 billion of rescue loans as part of a second bailout of $172 billion, Greek Prime Minister Antonis Samaras is turning his attention...

German Media Lashes Ceaseless Greek Bailouts

A new bailout deal for Greece approved by Eurozone finance ministers and the International Monetary Fund (IMF) is being celebrated by Prime Minister Antonis Samaras as a triumph, but German media accused its government of lying over the real...