Calamos Supports Greece

Politics

EU Ok’s OPAP Monopoly, But It’s Sold

The European Commission has ruled that the Greek agency responsible for gambling, OPAP, a state monopoly, can keep that position until 2030 - but the decision came after the government said it would sell its interest as part of...

Christofias: Cyprus Aims to Avoid Greek-Style Recession

Cyprus wants to avoid a painful recession like Greece is going through as it continues talks with the European Union and International Monetary Fund on bailout terms, President Demetris Christofias said. “You’ve already lived through it but we don’t want...

Blaming Venizelos Over Swiss Bank List, Ragousis Quits PASOK

Angered that his party’s leader, who, as a former finance minister, failed to act on a list of 2,000 Greeks with 1.5 billion euros ($1.93 billion) in deposits in a Swiss bank to check for possible tax evasion, Yiannis...

Troika Won't Back Down on Greek Austerity

International lenders are not relenting on demands that the Greek government push ahead with combined package of $17.45 billion in spending cuts and tax hikes, leading to further delays before it can be sent to Parliament and open the...

German and Greek Youth to Increase Cooperation

At a time of tension between Germany and Greece, young people from both countries are looking forward to working together. Under the scheme, Germany will help train youths from places destroyed by the Nazis. Last February, the International Court in...

Kaklamanakis: Tsochatzopoulos Cut Me From 1988 Olympics

Olympic Gold and Silver Medalist winning windsurfer Nikos Kaklamanakis has charged that former defense minister Akis Tsochatzopoulos, now jailed on charges of a massive money laundering and bribery scheme, ordered him cut from Greece's 1988 team going to Seoul...

Troika Rejects $2.58 Billion in Greek Budget Plan

With a report showing Greece will suffer a sixth year of recession in 2013 because of harsh austerity measures, envoys from the Troika of international lenders putting up $325 billion in rescue monies reportedly rejected two billion euros ($2.58...

Karidis Says More Immigration Can Save Australia

One of Australia's most successful construction company owners, Gerasimos Karidis, said the country will have to rely on immigration to raise its population from 22 million to 35 million, an idea that is supported by Regional Development Minister Simon...

Surprise! Greeks Work Longest Hours in Europe

Busting a stereotype that they are the laziest and least efficient workers in Europe, Greeks actually work more hours than any of their counterparts in other countries, a report from the European Commission shows. The report dwelled on the miserable...

Samaras Says Greeks Now Have Hope

With the country’s economy still sinking, unemployment and social unrest rising and under pressure from his coalition partners and international lenders, Greek Prime Minister Antonis Samaras said he believes that he has brought Greece back from the brink of...

Australia Says Deal Near for Student Visits

Australia’s Minister for Immigration and Citizenship Chris Bowen has reiterated that he believes  an intergovernmental agreement between Australia and Greece allowing tourists to work during their vacations will be concluded. He invited Greek students to come to Australia and said...

Greeks Abroad Move Closer to Voting Right

Greek Minister of Interior Euripidis Stylianidis said he is ready to put a bill before Parliament that would give Greeks around the world the right to vote in Greek elections, which could add several million eligible voters, according to...

Greece With List of 400 London Buyers

With Greek prosecutors already scouring a list of 33 politicians to determine how they obtained their wealth, the government now is probing names on another list – this one of some 400 Greeks who’ve bought luxury homes in London,...

Bad Loans in Greece Hit $73.2 Billion

Buried under big pay cuts, tax hikes, and slashed pensions but pressed by banks to cover mortgages, loans and credit cards in full, 25 percent of Greeks have given up and stopped paying, driving the total of Non-Performing Loans...

Greece’s Golden Dawn Embracing Extremist Role

ATHENS -  Although Greece country suffers through a crushing economic crisis, most citizens are not desperate enough to embrace the hate rhetoric and immigrant-bashing of the neo-Nazi Golden Dawn party. “They have a bad history and violence breeds violence,” Athens...