Calamos Supports Greece

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European Alert for 4-Year-Old That Went Missing in Athens

The strange disappearance of 4-year-old Ani Borisova who got lost in Omonia Square, central Athens on April 21, has alerted European authorities who are currently conducting extensive investigations within and outside of Greece in order to locate the young girl....

Varoufakis Downsized as Tsipras Forms New Greek Negotiating Team

Despite his expressed trust to Finance Minister Yanis Varoufakis, Greek Prime Minister Alexis Tsipras proceeded with forming a new political negotiating team putting Varoufakis at the helm but appointing Alternate Foreign Minister for International Economic Relations Euclides Tsakalotos as...

Greek Climbers Saved by Robbery in Nepal

A team of eight Greek climbers who had traveled to Kathmandu in order to climb Mount Everest got lucky when their sherpa guide, who had been paid a large amount of money in advance, failed to show up at their meeting...

ECB Alternatives on Greece Issue

The European Central Bank has three alternatives on how to deal with the Greek issue, according to a Bloomberg analysis. The author of the report, Mohamed El-Erian, says that the ECB will be under pressure to play the important role...

Tsipras Backs Varoufakis, Despite Dissatisfaction of EU Finance Ministers

Greek Prime Minister Alexis Tsipras is backing Finance Minister Yanis Varoufakis despite the fact that he has been targeted by his European Union peers who have reached the point of asking for his replacement. Sources from the Maximos Mansion say...

Tsipras Takes it Upon Himself to Accelerate Greece-Lenders Deal

Greek Prime Minister Alexis Tsipras has taken it upon himself to accelerate negotiations and reach a deal with lenders in order to increase liquidity. Two days after the Eurogroup in Riga, where European Union finance ministers refused a deal that...

Migrant to Name Her Child After Her Greek Rescuer

An Eritrean migrant who was saved when the boat that was illegally transferring her and almost 200 more illegal migrants to Greece sank just off the coast of Rhodes, gave birth to a health boy on Thursday at Rhodes...

Greece Gets Emergency Funding to Deal with Refugee Wave

Greek Prime Minister Alexis Tsipras welcomed the emergency funding Greece will receive in order to tackle the refugee issue in the Mediterranean. In Thursday's emergency European Union summit the 28 member state leaders discussed the issue of the flood of...

Eurogroup 'Unfriendly' to Greece, Varoufakis Hammered by Peers

Friday's meeting of euro zone finance ministers bore no fruit for Greece and Finance Minister Yanis Varoufakis was hammered by his peers. Athens was hoping that the meeting in Riga would help release much-needed partial funding. Especially after Thursday's statements...

Piraeus Bank Writes Off Debts Under €20,000 for Poverty-Stricken Greeks

Piraeus Bank, one of the four major Greek banks, has decided to write off debts of up to 20,000 euros and freeze debts from mortgages for poverty-stricken Greeks. The program aims at Greek citizens who fall in the category of...

Hollande-Juncker: Greece Must Cooperate and Table Reforms

French President Francois Hollande and European Commission President Jean-Claude Juncker said that Greece must present a complete list of reforms before any bailout funds will be released. Athens is pushing for an intermediate deal before April 30, a "bridge program"...

Merkel: Must Prevent Greece Running Out of Cash Before Deal

German Chancellor Angela Merkel said on Thursday everything must be done to prevent Greece running out of money before it reaches a deal with its international creditors, amid concern that Greek state coffers are empty. Merkel had a meeting with Greek...

EU Leaders Consider Drastic Measures to Save Migrants in the Mediterranean

European Union member-states' leaders are considering ways to double the financial sources they could use in order to prevent tragedies in the Mediterranean Sea and save the lives of thousands of migrants who are trying to reach Europe. Moreover,...

Only God Can Repay the Greek Debt

What do Alexis Tsipras, George Soros, Noam Chomsky, Yanis Varoufakis, James Galbraith, Costas Simitis, Standard & Poor's and the average Greek person on the street have in common? They all agree that the Greek debt is unsustainable. Negotiations between Greece...

Eurostat: Greek Unemployed May Never Find Work Again

Unemployed people in Greece might not find work again, as long-term unemployment figures are soaring, a Eurostat study shows. Long-term unemployment means that someone has been unemployed for more than 12 months. In 2014, 73.5 percent of unemployed Greeks were...