Calamos Supports Greece

austerity measures

Panhellenic Seamen's Federation to Hold 48 Hour Strike

The Panhellenic Seamen’s Federation announced that it would be holding a 48 hour strike starting on Monday, November 2 at 6 am. All Greek ferries will remain tied in ports across the country and no route will be serviced. Meanwhile,...

European Commission President Pledges Assistance to Greece

European Commission President Jean-Claude Juncker is committed to help Greece as the country is carrying out the agreements outlined in the new bailout package, Greek media reports. The Greek parliament will have to adopt a series of prior actions during Friday's parliamentary vote...

Stiglitz: 'Germany is Responsible for the Chaos in Greece'

Economy Nobel prize winner Joseph Stiglitz criticized once again the austerity policies imposed on Greece by Germany and the Eurozone, saying that "Germany is responsible for the chaos." In an interview with the German newspaper Tagesspiegel, Stiglitz estimated that Greece's...

Greek Police Preparing for Attacks on State Buildings

Greek police are taking precautionary measures in order to prevent any anarchist or anti-authoritarian attacks to government or state buildings. The groups are disappointed with Greek Prime Minister Alexis Tsipras’ agreement with the European creditors which will result in...

Greek PM Tsipras: 'Creditors Want to Humiliate Greece'

After four months of intensive negotiations, Greece had submitted a proposal that could have been the basis for a sustainable and socially acceptable agreement, Greek Prime Minister Alexis Tsipras told SYRIZA's Parliamentary group on Tuesday. Instead of a reply, the...

Greece’s Creditors Request 3-Billion-Euro Budget Cuts

There have been major developments in the negotiations between Greece and its creditors so that the two parties can reach an agreement as soon as possible, reported Bloomberg. According to the international agency, which cites information from a European official,...

Greek Academic: Amphipolis Was a Ploy to Distract Greeks from Harsh Measures

"The Amphipolis tomb excavation was a badly staged play to distract Greek people from the harsh austerity measures the previous government was implementing," noted the general secretary of the Athens Archaeological Institute Vasilios Petratos. Petratos, also an academic, said that the...

Greek PM Tsipras Holds Meeting With Laid-Off Finance Ministry Cleaning Staff

Fifty members of the Greek Finance Ministry’s cleaning staff who were laid-off last year took a group photo along with Greek Prime Minister Alexis Tsipras at the steps of Maximos Mansion after their meeting, on Thursday May 7. Last year...

Foreign Media Predict Tsipras Will Threaten for Referendum

The intention of Greek Prime Minister Alexis Tsipras to appeal to the people in the form of a referendum if Greece’s creditors ask the Greek government to implement austerity measures that the Greek government cannot accept has been widely...

Greece's Creditors Insist on Austerity Measures

The Greek government is preparing a new list of measures to appease creditors in order to unlock financial aid in the April 24th Eurogroup. Greece's creditors insist on several austere measures such as raises in value added tax, cuts in supplementary...