Calamos Supports Greece

economic crisis

Nursing Homes Emptying During Crisis

More and more Greek families are relying on their elderly relatives'  pensions. With soaring unemployment and reduced salaries and allowances, pensions of a few hundred euros retirees receive every month can make the difference to the family budget. In some...

Klein Decries Beastly Austerity in Greece

The Canadian activist journalist and author Naomi Klein, declared her solidarity to the Greek people, who have been living under the shock doctrine the last years, as she stated in a press conference she gave at the Mikropolis Social...

EU’s Young Urged to Relocate for Work

The economic crisis is looking more and more like the Dark Ages for young Europeans in search of jobs. Official figures show that one out of five actively ready to work can’t find employment. In Spain and Greece the jobless...

UNICEF: Over 439,000 Children in Poverty in Greece

More than 439,000 underage children are living below poverty level in Greece due to the ongoing crisis, according to a UNICEF report released on Oct. 16 on the occasion of the World Feed Day 2012 and the International Day...

Surprise! Greeks Work Longest Hours in Europe

Busting a stereotype that they are the laziest and least efficient workers in Europe, Greeks actually work more hours than any of their counterparts in other countries, a report from the European Commission shows. The report dwelled on the miserable...

Greek School Teachers To Strike When School Starts

ATHENS -Frustrated over falling wages and starting salaries for new teachers of as little as $184 a week - before taxes - Greek school teachers said they would strike the day after the new school year begins on Sept....

Greeks Are Having Less Sex as a Result of Economic Crisis

Austerity-hit Greeks are having less sex as a result of their country’s economic crisis. Urologists in Athens surveyed six hundred men and women on their bedtime behaviours and found a link between belt-tightening and sex drive. “Financial problems and sexual activity...

Greek Cinema: “Despair is not an Option”

Greece’s legendary monastic complex Meteora – which means ‘suspended rocks’ or ‘in the heavens above’ – is the setting for the new German-Greek co-production also titled Meteora. It is about a young monk and nun who find their growing illicit...

Minister of Education Sends "Europe SOS" Letter To Romano Prodi

The Greek Minister of Education sent a letter to the former PM of Italy and former president of the European Commission Romano Prodi, asking for the promotion of a “Europe SOS” initiative that will aim at reversing the financial...

IMF Warns Cyprus of Possible Fiscal Shortfall

The IMF warned Cyprus that its economy faces “substantial downside risks”. In its annual review on the Island’s economy, the IMF urged the government to intensify efforts to balance its budget by 2014 and to implement spending cuts to reverse large...