Calamos Supports Greece

George Papandreou

Two Years in Power: Ten Things George Papandreou Has or Hasn’t Changed

From crushing ruling Conservatives party two years ago, Papandreou’s poll numbers have suffered a dramatic slump turning the Greek PM into a contemporary Diogenes of Sinope who instead of strolling around with a lamp looking for an honest man, he’s desperately looking for his voters- if there’s anyone left that is[...]

Merkel Talks to Greek Prime Minister

German Chancellor Angela Merkel talked with Greek Prime Minister Georges Papandreou Tuesday, his office announced, as the eurozone debt crisis threatened to claim its first bank victim. Papandreou's office said the call was made as "part of the frequent and...

FT Deutschland Report: "Prime Minister Papandreou has Considered Resignation"

Financial Times Deutschland reported that Greek Prime Minister George Papandreou has been considering resignation from his current position as Greece's leader. The German newspaper claimed that sources from the Greek PM's environment gave them information over the past three weeks...

Uncertain Future for Many Civil Workers

The Greek government presented its 2012 draft budget to Parliament today which includes the cutting of 30,000 civil service staff by the end of December. During a cabinet meeting yesterday, chaired by Greek Prime Minister George Papandreou, it was decided...

Greece Sees a Half Trillion Dollar Deficit, More Taxes

ATHENS – As renters are asking for and getting lower rents and home sales and values are plummeting because of Greece's economic crisis, the government will raise the appraised value of homes so that a new emergency property tax...

Troika Wants Greece's Minimum Wage Scrapped

More bad news is brewing for Greek workers in a seemingly endless onslaught of pay cuts and tax hikes. In return for bailout loans keeping the country afloat, the Troika of the European Union[...]

Greece Will Miss Its Deficit Targets Again

ATHENS - Wracked by recession, Greece will not meet deficit targets imposed by international lenders as a condition of a $152 billion bailout designed to keep the country from going bankrupt, the Finance Ministry admitted.The deficit is expected to...

Cabinet Presents New VAT Receipt Rules

After a meeting chaired by Prime Minister George Papandreou on Thursday, the Cabinet took an unanimous decision, regarding taxpayers. Starting in 2012, they are obligated to present VAT receipts equal to half their net annual income in order to...

Oct. 13 is D-Day (Decision, Not Default) for Greece

ATHENS -  Greece will know on Oct. 13 whether international lenders will release an $11 billion loan installment needed to keep the country from going bust and unable to pay its workers and pensioners, German Finance Minister Wolfgang Schauble...

Greek Prime Minister to Visit Ankara

"Georgios Papandreou plans to visit Turkey to upgrade bilateral ties in all fields", according to a statement of an official from Recep Tayyip Erdoğan’s office to the Hürriyet Daily News. Greek Prime Minister Georgios Papandreou, accompanied by a number of...