Calamos Supports Greece

Antonis Samaras

Greek Parliament OK's 2013 Austerity Budget

By a vote of 167-128, the Greek Parliament shortly after midnight on Nov. 12 easily approved an austerity-packed budget for 2013 that includes big pay cuts, tax hikes and slashed pensions as part of a $17.45 billion package that...

Troika Wants Names, Numbers of Fired

In another sign of distrust, Greece’s international lenders have reportedly demanded that the government produce the names of the 2,000 workers who are expected to be laid off by the end of the year, and eventually fired, according to...

Greece May Waive 25 Euros Hospital Fee

One of the most onerous measures in a $17.45 billion spending cut and tax hike plan that Prime Minister Antonis Samaras narrowly ushered through a divisive Parliament – a 25 euros ($31.77) entry fee to be seen at a...

The Greek Diet: Let Them Eat Expired Food

Well, if this doesn’t take the week-old stale cake! Greek Prime Minister Antonis Samaras, of the caviar-and-champagne caste that runs Greece and has never missed a 5-star meal, says the answer to hunger in Greece, where two million people...

Greece Shrugs Off EU Loan Delay

Greece is downplaying reports that the Eurozone will not act at a Nov. 12 meeting of finance ministers to disburse a long-delayed $38.8 billion loan (31.5 billion euros) installment despite approval by the Greek Parliament of a contentious $17.45...

Greek Court To Probe Parliament Worker Pay

Even as Greek Prime Minister Antonis Samaras has vowed to make another attempt to cut their pay and benefits, the Court of Audit is investigating the government’s decision to exempt parliamentary workers from cuts in pay and benefits as...

Greece Seeks Loans to Pay Loans

Greece is living on borrowed money – at high interest rates – until its international lenders release a $38.8 billion loan, and will have to borrow money on Nov. 13 to pay previous loans until the money is disbursed. Despite...

Greek Parliament Workers Will Face Cuts

Greek Parliament workers who were exempted from pay and benefit cuts in a $17.45 billion spending cut and tax hike bill after they threatened to walk off the job immediately during a debate on the measure and prevent a...

The Numbers Don't Add Up for Greece

Greek Prime Minister Antonis Samaras’ declaration that a $17.45 billion spending cut and tax hike plan narrowly approved by the Parliament would save Greece from bankruptcy and an exit from the Eurozone don’t match up other statistics that show...

PASOK Loses Another MP, Androulakis Quits

After ejecting six of his Members of Parliament for not supporting a $17.45 billion spending cut and tax hike plan, PASOK Socialist leader Evangelos Venizelos has lost another one after veteran deputy Mimis Androulakis quit the party, adding to...