Calamos Supports Greece

debt

Church to Draw Up Three-Year Plan to Limit Debt

According to Kathimerini newspaper, the Church of Greece is drafting a three-year economic schedule in an attempt to reduce its debt and to take advantage of its possessions to secure its independence, Archbishop Ieronymos stated during a session of...

Troika to Shut Down OSE

Greece's European lenders estimate that the country needs an even smaller government and a new tax system, and for this reason they are hardening their measures in view of the quarterly audit which will be the "key" to the...

Germany Says No to EU Common Debt

The German government has rejected any notion there should be common debt in the European Union to be shared by its 27 countries. The proposal was said to be a report from EU President Herman Van Rompuy's to be...

Insurance Fund Debts Deprive Pensioner of Oxygen Device in Rhodes

An elderly pensioner voiced a cry of distress at two local media agencies in the island of Rhodes over his being deprived of the life-supporting oxygen device due to his insurance fund debts to the respective medical supplier. Emmanuel Taktikopoulos,...

Germany and Greece During the Crisis: Who Wins, Who Loses?

Unemployment has surged to 18.8 percent from 13.3 percent only a year ago. Overburdened public hospitals are facing critical shortages of everything from syringes to bandages. Children faint out of starvation in schools. Rates of suicide, homelessness, crime and...

M. Glezos: "German Foreign Minister's Statement is Ignorant of History, False and Infuriating"

"The answer of the German Foreign Minister concerning Germany's war debts to Greece is ignorant of history, false and infuriating", mentions Manolis Glezos, a person who strongly fought against German occupation in Greece during World War II. But Manolis Glezos...

Greek Deal Must be a One Off: Trichet

The outgoing head of the European Central Bank, Jean Claude Trichet, has warned that there should be no repeat of last week's deal to reduce Greek debt. He also said that Greece should have come under greater scrutiny before it...

Barroso: Pardoning of Greek Debt Won't Be Repeated!

This week's Eurozone agreement to remit 50% of the massive Greek state debt is "an absolutely unique and exceptional measure," stated EC President Jose Manuel Barroso. In an interview for Portugese paper Expresso, the European Commission chief said that this...

55-Year-Old Man Sets Himself on Fire Because of Debt

A 55-year-old man was admitted to he hospital with multiple but not severe burns  to his chest and back after trying to commit suicide. The man doused himself with gasoline and then set his clothes on fire simultaneously shouting...