Calamos Supports Greece

Christos Staikouras

Budget Deficit Narrows 42%

Greece's budget deficit narrowed 42% in the first 10 months of the year on slightly higher revenues despite the country's deepening recession, Deputy Finance Minister Christos Staikouras said Saturday. The shortfall for the January to October period narrowed to €12.3...

Greek Minister Says EU-IMF Wrong on Austerity Impact

Greece's deputy finance minister on Monday said that international creditors had underestimated the impact of three years of austerity on the country's deep recession by using a faulty calculation. Christos Staikouras said the actual fiscal multiplier, or negative effect, of...

Greece To Seek ‘Millions’ From Germany As World War II Reparations

Greece has set up a "working group" to scour historical archives and tally how much Germany might owe in outstanding reparations for Nazi war crimes during World War II, the finance ministry has announced. Greece has said in recent years...

Finance Ministry Calculating German War Reparations Bill

Greece’s Finance Ministry will calculate the country’s claim for World War II reparations against Germany, Deputy Finance Minister Christos Staikouras said. The General Accounting Office will make the calculation for the first time, Staikouras said today in response to a...

Official Accused of Leaking State Document

A senior Greek finance official was charged on Wednesday with leaking a state document used in the country's crucial EU-IMF audit talks, the state-run Athens News Agency said. Lambros Liosis, a budget supervisor at the General Accounting Office who denies...

Greece to Present 'Alarming' Economic Data

Greece says its recession is deepening and will present "alarming" information about the state of the country's economy this week to international auditors in a new effort to ease the terms of the government's latest bailout. A government spokesman described...