Calamos Supports Greece

EU

Greece Chasing No-Show Workers

Stepping up a campaign to root out disciplinary problems, troublemakers, people who've faked their credentials, and criminals still being paid, Greek Administrative Reform Minister Kyriakos Mitsotakis said he's now going after people who rarely - or never - come...

EU Disputes Troika Wants Privatization Control

The European Union has denied a report that Greece's international lenders - the EU, International Monetary Fund, and European Central Bank - want to put the country's lagging privatization program in its hands and its headquarters moved from Athens...

Spiegel Says Greek Politicians Need Pressure

The German weekly news magazine Der Spiegel has written that Greek political leaders would be incapable of pushing through reforms if not for pressure from its international lenders who have insisted on harsh austerity in return for $325 billion...

One in 10 Workers Faked Resume

As it's begun the process of transferring or firing 25,000 state workers over the next two years on the orders of international lenders, the Greek government said it has found so far that 10 percent of those it hired...

Merkel: Greece Eurozone Entry Bogus

Apparently frustrated she spends a lot of her time defending why she's so tough on Greece - insisting on harsh austerity measures in return for her country's backing of international bailout loans - German Chancellor Angela Merkel said Greece...

Germans See Greek Black Hole

The news that Greece, already surviving on $325 billion in two bailouts from international lenders, could need another 10 billion euros ($13.34 billion) has many Germans throwing up their hands in exasperation. Germany is the biggest backer of the...

Stournaras Sees New Bailout, Not Austerity

Greek Finance Minister Yannis Stournaras, who keeps revising the potential need for more aid for Greece, said if a third bailout is required that it would be for only 10 billion euros ($13 billion) and that there would not...

Stournaras Says No Haircut For Greece

Greek Finance Minister Yannis Stournaras, who has been relentlessly upbeat about what he believes will be a more rapid recovery for the Greek economy than do most analysts, said he envisions the country even being able to borrow from...

Greek Debt At 321B Euros

After three years of crushing austerity measures and imposing losses of 74 percent on private investors to write down its debt by $134 billion, Greece still owes 321 billion euros ($429.46 billion) a level that many analysts said is...

New Greek Aid Seen At 10B Euros

Speculation that Greece will need additional rescue aid for its economy is rapidly turning toward certainty with another European Union official acknowledging it seems inevitable and will be about 10 billion euros ($13 billion) to complement two bailouts totaling...