Calamos Supports Greece

Antonis Samaras

Greece Closes In On Troika Deal

After weeks of arduous negotiations over long-delayed reforms, Greece and its international lenders neared agreement on most major issues, although it's still uncertain how the government will reduce the workforce. The Troika of the European Union-International Monetary Fund-European Central Bank...

Samaras Says Deposits Safe, Banks Shielded

Unlike on Cyprus, where the government is confiscating up to 80 percent of bank deposits over 100,000 euros ($130,000) to trigger an international bailout, Greece will not raid bank accounts of depositors as it continues to struggle with a...

Anti-Government Websites in Danger of Closing Down

In a move seen only in regimes like Syria, Iran and North Korea, the Greek government tried to close down Indymedia Athens, an anti-governmental website on April 11. The site operates with a team of volunteers who share expenses and...

Inspection Finds Greek Workers No-Shows

With the Greek government backing off commitments to fire up to 8,000 public workers who are disciplinary problems, have committed felonies, faked their credentials, are insubordinate or present problems in other areas, surprise inspections of ministries and and state...

Greek Jobless Rate A Record 27.2%

Only days after Greek Prime Minister Antonis Samaras said that for the first time since austerity measures were imposed three years ago that more people were being hired than fired, the country’s statistics agency ELSTAT said unemployment hit another...

Nimetz Pushes New FYROM Name Plan

United Nations special envoy Matthew Nimetz said a new name is on the table for the Former Yugoslav Republic of Macedonia (FYROM) to be discussed although initial reports said that Greece isn’t happy about it. Nimetz met with negotiators from...

Greek Union Calls May Day Strike

Greek Prime Minister Antonis Samaras, who has largely escaped the wide-scale protests, strikes and riots against austerity that brought down his predecessor, George Papandreou, will face a test for his coalition government on May 1 as the country's private...

Spiegel Suspects Deposits Haircut in Greece

After the suspension of  a planned merger of the National Bank of Greece and Eurobank because of capitalization problems and opposition from Greece's international lenders, the German magazine Spiegel said it believes the Greek government is planning to confiscate...

Tsipras Says Samaras Surrendered To Troika

Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras said that Prime Minister Antonis Samaras' coalition government's constant relenting to demands from international lenders is proof that the country needs new leadership and accused the New Democracy Conservative leader...

Stournaras Says Banks Safe, Troika Talks Linger

With the apparent abandonment of a plan to allow the National Bank of Greece and Eurobank to merge after international lenders raised objections and the banks couldn't raise enough capital, Finance Minister Yannis Stournaras reassured Greeks their deposits were...