Calamos Supports Greece

Christos Staikouras

Mitsotakis Says Greece Back, Lower Interest Rates Key

Greek Administrative Reform Minister Kyriakos Mitsotakis, the man in charge of firing thousands of public workers in an austerity drive, said the big spending cuts and tax hikes are paying off with a looming recovery that will be buoyed...

Samaras: Government to Table Amendment on Offsetting Debts

The government will soon table in Parliament a legislative amendment regarding the offsetting of VAT debts not only towards the state but also between individuals, Greek Prime Minister Antonis Samaras announced on Monday. Samaras chaired a meeting at the General...

Stournaras Promises 'No New Taxes'

The government will not impose any new taxes, Finance Minister Yannis Stournaras said Wednesday in an interview with private TV station Skai. When asked about the course of the country's fiscal adjustment, Stournaras said: "In no way will we impose...

Troika Warns Against Greek Market Return

With Prime Minister Antonis Samaras touting what he says is a looming economic recovery this year, Greece's international lenders say he should forget about returning to the markets the country has been locked out of for four years because...

Greece Works Systematically to Combat Fraud and Corruption‏

Greece is making continuous and systematic efforts to combat fraud and corruption, Alternate Finance Minister Christos Staikouras said on Wednesday. Speaking to reporters, during a news conference on the occasion of a meeting of OLAF, the European agency to combat...

Best Greek Companies of 2013

Hrima, a modern Greek financial and investment magazine published by Ethos Media, awarded for the 11th consecutive year the best Greek companies that contributed to Greece's economic growth. During the ceremony Greek Deputy Finance Minister  Christos Staikouras stated that the country will...

17 Million Euros From Bribes Go To Health and Educational Sectors

The Greek Minister of Education and Religious Affairs Konstantinos Arvanitopoulos is expected to meet today with the Greek Minister of Health, Adonis Georgiadis, at the office of Christos Staikouras, the Alternate Minister of Finance. The three of them will...

Reimbursement to Civil Servants Puts Greek Budget at Risk

Following the decision of the Council of the State, Greece's highest administrative court, that the wage cuts imposed on members of the armed forces and emergency services in 2012 were unconstitutional and should be fully reimbursed, the Greek government fears that...

Greek Government Posts Budget Surplus of 700 Million for 2013

The Greek Deputy Finance Minister, Christos Staikouras reported on Tuesday, that the Greek government posted a primary budget surplus of 700 million euros for 2013, which was a key target set by the country's foreign creditors in order to examine...

Tackling Smog with Discount on Electricity

In order to deal with the smog problem, the Greek government is providing discounts on the cost of electricity consumption, for residential customers, during periods of increased smog. Greece's Joint Ministerial Decision was signed by the Environment Minister, Yiannis...