Calamos Supports Greece

Politics

Papandreou States: "There is No Going Back on the Euro for EU"

The Greek debt is manageable without restructuring, Prime Minister George Papandreou stressed in Oslo on Friday. Addressing the Progressive Governance Conference themed "A Post-Crisis Agenda for the Centre -Left: Securing Shared Prosperity", organised by the think tank Policy Network, Papandreou...

Opinion Poll Reveals PASOK Maintains 3% Lead Over New Democracy Party

Ruling PASOK maintains a 3 percent lead over main opposition party New Democracy, according to an opinion poll carried out on behalf of "Skai" and "Kathimerini" . The electoral influence of parties, according to the monthly Political Barometer of the...

ND Leader Samaras Unveiled New Economic Proposals

Main opposition New Democracy (ND) leader Antonis Samaras called for a "creative shock" to restart the Greek economy, in a platform of proposals he unveiled on Thursday. At an event dubbed "Zappeion 2", Samaras warned that the country's debt was...

Germany΄s Merkel: Awaiting ECB, IMF, EU Evaluation On Greek Program

The German government will await the result of an ongoing evaluation on the Greek bailout program by the European Central Bank, the International Monetary Fund and the European Commission before commenting on whether any further steps are necessary, German...

PM Papandreou Calls for Unity During Meeting with President Papoulias

Prime Minister George Papandreou called for a sense of unity and support from all forces, during a meeting on Tuesday with President of the Republic Karolos Papoulias, adding that "the struggle must continue for changes in the country". On speculation...

Health Minister Andreas Loverdos Comments on Mid-Term Elections

Health Minister Andreas Loverdos caught everyone by surprise during a news conference for accredited authors of the Health Ministry. Loverdos stated: "I don't have a place in nebulous and contradictory policies. I put myself at the discretion of the Prime...

Troika Inspection on Greek Austerity Measures Begins May 10th

On May 10th, an inspection by the Troika experts (the International Monetary Fund, the European Union and the European Central Bank) will begin in Greece.  They will assess the current state of implementation of austerity measures, especially in light...

Papandreou States: "Let Greek Government Do Its Job"

Greek Prime Minister George Papandreou has described a report posted on Saturday, on the website of the German magazine "Der Spiegel" as being a "provocation" and "scaremongering". The  report which claims that Greece is ready to quit the eurozone has...

Greek Finance Ministry Denies Reports Of Euro Zone Exit Plan

Greece's finance ministry Friday dismissed a report in a German news magazine which asserted the country was considering leaving the euro zone and abandoning Europe's common currency. In a brief statement, the ministry lashed out at the report, calling it...

IMF Chief's Comments Regarding Papandreou's Economic Actions

The Prime Minister’s credibility has experienced a “political slap-in-the-face”, main opposition New Democracy (ND) party underlined on Wednesday, in response to previously unused excerpts of statements by IMF head Dominique Strauss-Kahn.  His statements were broadcast the previous evening during...

Victoria’s Government Allots Two-Million-Dollars for Hellenic Cultural Center Construction

Ethnic languages and multiculturalism are financed by the state budget, submitted yesterday by Ted Baillieu’s State Government of Victoria.  Two-million-dollars has been granted for the construction of the Hellenic Cultural Center. Language teaching and community schools will be assisted financially...

Papandreou Pledges to Lead Greece Out of Crisis

While chairing a cabinet meeting on Thursday, Prime Minister George Papandreou apparently blamed the latest plunge of market confidence regarding Greek debt on the complexity of the debt crisis but also 'dissonance' within the European Union, government sources claimed. Referring to...

Parliament to Investigate Former Defence Minister over German Sub Contract

An extraordinary plenary session was convened in Parliament on Thursday to discuss and vote on a proposal -- tabled by ruling PASOK MPs -- to set up a Parliamentary preliminary examination committee to investigate former defence minister Akis Tsohatzopoulos'...

Troika Experts Draft Report Next Week Concerning Allocation of 12 Billion Euros to Greece

The month of May is shaping up to be a crucial and difficult period of time for the Greek government. Complications began today with an announcement by Eurostat of a 2010 budget deficit of around 10.5%, according to news...

Libyan PM in Phone Talks with George Papandreou

Libyan Prime Minister Al-Baghdadi Al-Mahmoudi held telephone talks on Saturday with Greek PM and reiterated Libya's commitment to United Nations resolutions, the state news agency JANA reported. Mahmoudi also told George Papandreou that Libya was committed to the African Union's...