Calamos Supports Greece

Filippos Sachinidis

PASOK MP Wants Vote On Venizelos

Beleaguered PASOK leader Evangelos Venizelos is coming under increased fire in the party with one of his lawmakers saying there should be a vote at its Congress over who should lead the party. The demand from former Former Deputy Finance Minister...

New Samaras Shuffle, Stournaras to Bank of Greece

With one eye on a hopeful economic recovery and the other on next month's critical elections for Greek municipalities and the European Parliament, Prime Minister Antonis Samaras is reportedly planning yet another Cabinet shakeup that will see Finance Minister...

Papademos Appoints Sachinidis as Finance Minister

Filippos Sachinidis, who has served as the deputy and then alternate minister at Greece’s finance ministry since 2009, will be the new finance minister, replacing Evangelos Venizelos, who stepped down to lead the socialist Pasok party. Sachinidis, who will be...

Finance Minister Resigns

Evangelos Venizelos said on Monday he was stepping down as finance minister to lead the Socialists into a general election, a day after taking over the helm of the party, which is trailing far behind its rival conservatives in...

Sachinidis: Greek Bond Swap Talks Progress But No Deal

Talks regarding a bond swap between Greece and creditor banks have made progress but there is no deal yet, the country΄s deputy finance minister said on Tuesday, reaffirming that Athens wants to reach a voluntary agreement that makes the...

Finance Ministry Targets €2.3B Primary Surplus

Primary surplus of 1.1% of GDP, around €2.3 billion, and significant reduction in budget deficit are the two main objectives of the 2012 budget. This is determined by a ministerial order on the execution of the new budget plan, signed...