Calamos Supports Greece

Democratic Left

Lagarde, EU, Say Greece May Get More Time

Greece may get more time to reduce its deficit and impose more harsh austerity measures – but not more money – International Monetary Fund chief Christine Lagarde said after a meeting of EU finance ministers in Cyprus. Prime Minister Antonis...

Venizelos, Kouvelis Tell Samaras: No Worker Firings

With international lenders turning the screws on Greece - including extending working hours to 78 hours a week and raising the retirement age to 67 - Prime Minister Antonis Samaras was unable to convince his reluctant coalition partners, PASOK...

Papoulias Tells Troika to Stop "Merciless Lashing"

As talks between Greece’s coalition government and international lenders over a plan to cut $14.6 billion in spending remained stalled, and anger and unrest were growing, President Karolos Papoulias said the country has suffered enough and urged an end...

Troika Gets Tough on Greece: Start Firing People

Greek Prime Minister Antonis Samaras’ hopes to get a quick sign-off from international lenders on his uneasy coalition government’s plan to make $14.6 billion in spending cuts the next two years were dashed when they told him the projections...

Troika and Greece Can't Agree on Spending Cuts

Envoys from international lenders have said they doubt whether some $2.8 billion in projected savings as part of a $14.6 billion spending cut plan devised by the government led by Greek Prime Minister Antonis Samaras can be achieved, temporarily...

Tsipras Says Samaras Ducking Parliament's Questions

As Greek Prime Minister Antonis Samaras struggles to get his coalition partners to back $14.6 billion in new cuts, main opposition leader Alexis Tsipras of the Coalition of the Radical Left (SYRIZA) has accused the Premier of being afraid...

Golden Dawn Rises Again, Overtakes PASOK

Capitalizing on growing social unrest over record unemployment, resentment against immigrants and rising crime, and planned new government austerity measures, the neo-Nazi Golden Dawn party has jumped into third place in popularity among Greek political parties, overtaking the once-dominant...

Greek Unemployment Soars to 24.4% As Unrest Grows

As Greek Prime Minister Antonis Samaras’ coalition government is set to unleash more pay cuts, tax hikes and slashed pensions on beleaguered Greeks, there was new evidence that the austerity measures have backfired with a report showing the country’s...

Protesting Greek Pensioners Occupy Health Ministry

Several dozen pensioners pushed past police and stormed into the Health Ministry in Athens on Sept. 4 to protest the government’s failure to pay doctors and pharmacists for overdue state insurance bills, which has resulted in the elderly being...

Greek Cabinet Meets to Finalize Deep Budget Cuts

Greek Prime Minister Antonis Samaras’ Cabinet met on Aug. 31 to rubber stamp more than $14.7 billion in cuts demanded by international lenders in return for continued aid, with salaries and pensions again at the top of the list...