Calamos Supports Greece

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Greece's Troika Deal: Fire Crossing Guards, Janitors

Greece and its international lenders have reportedly struck a last-minute deal to keep loans coming in return for the firing of public workers, mostly those in lower pay grades, such as school crossing guards, janitors, teachers, and municipal police...

Greece Braces For Tough Troika Talks

The Troika is back in town, and Greek officials said they are expecting "truly difficult" talks with envoys from the country's international lenders, the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) over lagging reforms and a 1-billion euro ($1.3...

More Austerity Seen Coming For Greece

Greek Prime Minister Antonis Samaras may yet have to break his promise not to impose more pay cuts, tax hikes and slashed pensions on beleaguered Greeks because of a billion-euro hole in the country's budget in the wake of...

Greek Doctors Strike, Fear Epidemics

Although no previous strikes have done anything to deter the government from austerity measures that include deep health care cuts, doctors, employees in the public health system and freelance doctors called a 24-hour strike for June 7, outside the...

Greek Pension Funds On The Brink

Greece's crushing economic crisis has put a big dent in the pension fund system which has a reported shortfall of up to 2.5 billion euros ($3.26 billion) while the National Organization for Healthcare’s (EOPYY) deficit is expected to be...

Greek Crisis Decays Children's Teeth

Due to the austerity measures imposed on Greece by the Troika, a growing number of people apart from cutting back on basic daily needs, have been forced to make cutbacks in their children’s dental care as well. Within the past...

Troika Wants Drugs Sold In Markets

Greece's international lenders are again pressing the government to liberalize the market for nonprescription drugs and let supermarket be allowed to start selling medicines and provide competition for pharmacies which enjoy a monopoly, including on selling baby formula which...

Greek Workers Strikes Spreading

Only days after riot police broke up a Metro strike, a new transport strike has shut down buses and trains for Jan. 28-29 and more work stoppages are being planned by doctors, health centers, ambulance drivers and utility workers....

No Medical Services on Credit

Private doctors cooperating with Greece’s National Organization for Health Care Provision (EOPYY), decided to stop offering their services on credit as of Dec. 17, as they are claiming overdue payments. Patients are now being charged for doctors' services. The rapid...

Greece Owes Taxpayers $3.6 Billion Refunds

With all of some 52.5 billion euros ($69 billion)in coming international loans already earmarked to recapitalize banks and pay back bills, Greece’s General Accounting Office has discovered it owes another 2 billion euros ($2.63 billion)to taxpayers in long-overdue refunds. That’s...