Calamos Supports Greece

Christos Staikouras

German Arms Bribes Suspect Talks

The widening scandal in the Greek defense ministry is set to take another turn on Jan. 2 when a key suspect, Panayiotis Eftathiou, said to be a middleman between Greek officials and German arms manufacturers is set to testify...

Christmas Bonus for Greek Parties

The Greek parties received the third installment of the government grant for 2013, which amounts to 7 million euros. This "bonus" was given to all Greek parties except Golden Dawn according to a previous decision of the Parliament prohibiting the...

Stolen Money and Bribes Returned to the Government

The Greek government has opened an account for  “corrupt” individuals to deposit money stolen from the state. Officials estimate that the account which was opened yesterday by the Deputy Minister of Finance, Christos Staikouras, could return to the government up...

Greece Sees Market Return Next Year

Aiming to reach a primary surplus this year for the first time in a decade, Greece's economy will recover enough next year so that it can return to the markets after being locked out when it needed international bailouts...

Greece Sees End of Recession in 2014

Six years into a deep recession and with the economy still shrinking, and 3 1/2 years after $325 billion in international bailouts, Greece should - maybe - begin to see growth again in 2014, Deputy Finance Minister Christos Staikouras...

Greece Says On Track For Surplus

While Greece is locked in tense negotiations with its international lenders over a looming budget gap of as much as 2.9 billion euros, Deputy Finance Minister Christos Staikouras said he still expects the country will record a primary surplus...

Troika Presses Greece For More Reforms

Talks between Greece and envoys from its international lenders immediately led to more demands for reforms and pressure on the government to shed itself of one of its defense industries and improve the woeful rate of tax collection with...

Staikouras: "We See the First Signs of Exit from the Crisis"

Mr. Christos Staikouras noted that the first signs of escalation of the tax burden are already visible, and this year there were ​​targeted reductions in taxes for the first time. "We strive for more reductions" Mr. Staikouras said, noting that...

Greece Set to Return to Growth Next Year, Draft Budget Predicts

Greece will have a budget surplus before interest costs in 2013, a year ahead of schedule, giving Prime Minister Antonis Samaras leverage to prod euro-area creditors for more help in lowering its debt burden. The primary surplus will rise to...

Greek Budget Deficit May Drop Below 3% in 2013

Greek Deputy FinMin Christos Staikouras said yesterday that Greek general government budget deficit will land below the 3%-of-GDP threshold in 2013 (vs 6.3% a year ago) in headline terms, ahead of Troika forecasts calling for a 4.1%-of-GDP deficit, says Pantelakis...