Calamos Supports Greece

Politics

Greece Waits for EU's Answer: Pensions Cut, Military Spared

ATHENS – We’ve done our part, now you do yours, Greece has told leaders of the Eurozone and Troika who will decide whether the country gets a second bailout of $169 billion to complement a first ongoing series of...

Poll Shows Greece's Two-Party System Is Over

The two-party system in Greece is over. The latest opinion poll carried out by Vprc on behalf of the weekly magazine "Epikaira" issued today, confirms the already adamant decline of the two-party system in Greece. According to the outcomes of...

Greece's President Gives Up Salary; Blasts Germany's Position

ATHENS – Watching Greeks having their pay cut and taxes hiked on orders of international lenders to keep rescue loans coming, President Karolos Papoulias said he will give up his annual salary of 300,000 euros, some $392,000, and blasted...

Greece Battles to Salvage Bailout Package

Greece's leaders battled to salvage a new 130-billion-euro ($170 billion) EU/IMF bailout on Wednesday, rejecting doubts over their commitment to a punishing austerity package just hours before a conference call of euro zone finance ministers. But with mistrust of Athens...

Rumors Germany Sees Greek Default As Unavoidable Are False

A German government spokesman Wednesday denied that Berlin now considers a Greek default as inevitable. "I can clearly say for the federal government that those rumors are false. There is no such decision in Germany," Steffen Seibert, spokesman for German...

Eurogroup Call Off Face-to-Face Bailout Talks as Greeks Argue (Again)

Euro zone finance ministers dropped plans on Tuesday for a special face-to-face meeting on Greece's new international bailout, saying political party chiefs in Athens had failed to provide the required commitment to reform. A source familiar with negotiations on Greece's...

Euro Zone Puts Greek Plan Under Microscope

Greece's bid for a new bailout got close inspection on Tuesday from euro zone officials poring over the details of Athens' budget to decide whether it has met conditions to get the money. Even if it passes muster, the second...

Attikon: The Death of a Cultural Icon

ATHENS – As Greeks awoke on Feb. 13 after a night of violence and arson that destroyed 45 businesses in the capital city, they saw nothing was left of one of its most historic venues, the Neo-Classical building that...

Greece Calls Snap Elections for April

Greece will hold general elections in April, the government said on Monday, hours after parliament voted through tough new austerity measures aimed at saving the country from bankruptcy. "This government has one to one-and-a-half months left," spokesperson Pantelis Kapsis told...

International Media and Markets Greet Passing of New Greek Memorandum

International markets have responded positively to the Greek Parliament’s decision to pass new austerity legislation, which is deemed as highly necessary for the completion of the restructuring of the Greek debt. The first positive signs came from distant Australia, whose...

EU Says It’s Not Ready to Help Greece Yet

ATHENS - Despite new austerity measures rammed through the Parliament in the wake of riots that left parts of downtown Athens burning, European Union leaders said they aren’t convinced that Greece is serious about reform and won’t release a...

Olli Rehn: Greek Vote 'Crucial Step' to Winning Second Bailout

The vote by Greece΄s parliament late Sunday in favor of additional austerity measures was a "crucial step" toward winning a second bailout program from its European partners and the International Monetary Fund, European economics affairs Commissioner Olli Rehn said...

New Austerity Cuts Bring Fire and Looting to Athens

Fire, rage and looting were widespread all around downtown Athens on Sunday evening, while the Greek Parliament was voting on a new package of austerity measures that will further plague the people of the country with drastic cuts in...

Merkel΄s Spokesman: Germany Welcomes Greek Vote

German Chancellor Angela Merkel’s government welcomed the decision of the Greek parliament to vote in favor of further austerity measures, according to Bloomberg. “These decisions show the will and the readiness of the Greeks to undertake major efforts of their...

Australian Government Changes “Slav-Macedonian” Directive to “Macedonian”

The Australian government has decided to change its directive concerning the Australian-Skopje community being recognized under the name “Macedonian” instead of “Slav-Macedonian”, used since 1994. The decision was formally announced by AMHRCA (Australian Macedonian Human Rights Committee) on its website,...