Calamos Supports Greece

EU

Samaras Sends More Austerity To Parliament

Prime Minister Antonis Samaras has forwarded to the Parliament that his coalition government controls a bill that imposes more of the austerity measures he vowed not to implement and which begins the process of firing redundant workers hired for...

Greece Sets 4,200 Worker Layoffs

The Greek government has identified 4,200 workers, mostly teachers, school janitors, crossing guards and municipal police officers who will be the first to be fired if other positions can’t be found for them. They will be put into a so-called...

Greek Authorities Put Lives in Danger by Pushing Refugees and Migrants Back to Turkey

Refugees and migrants trying to reach the EU via Greece from conflict-torn countries like Syria and Afghanistan are being unlawfully returned to Turkey by Greek coast and border guards, Amnesty International reveals in a new report out today. The 40-page...

Troika Rescue Aid For Greece Split Up

Greece will get its next installments of 8.6 billion euros in aid from international lenders to keep the economy afloat, but it will be divided into three payments over concern that the government's pace of reforms is lagging. The Troika...

Troika OK's Deal Over Greek Reforms

With the clock racing before Eurozone finance ministers meet on July 8 to decide whether to approve a delayed 8.1 billion euro ($10.46 billion) installment, envoys from international lenders said they had agreed to sign off because the government...

Greece Says Troika Will Pay Up

A deadline set its international lenders to show progress on reforms has come and gone but Greek officials said they are confident a deal will be struck on July 8 ahead of a meeting with Eurozone officials to pave...

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 On The Installment Plan

With no agreement between the Greek government and international lenders over lagging reforms, it now appears that continued aid to the country could be given out in smaller doses. Greece was hoping for release of an 8.1 billion euro ($10.6...

ERT Giving Way to NERIT

While former workers of the closed national broadcaster ERT continued to send out a pirate signal via satellite and the Internet and protest their firing, a bill making way for the replacement station, the New Hellenic Radio Internet and...

Merkel Says No to Drach

“No country is in danger of being forced to exit the Eurozone, despite the fact that the 17-member union is still facing a lot of problems,” Chancellor Angela Merkel told the German News Agency on July 5. “We have walked...