Calamos Supports Greece

greece news

French Finance Minister: Third Support Package to Greece is an Act of Solidarity

"We are here today to decide on the implementation of the third support package to Greece," stated French Finance Minister Michel Sapin upon his arrival to the Eurogroup on Friday. Sapin underlined that a very important work and preparation from the Greek...

Amphipolis Tomb Mystery Remains Unsolved Due to Greek Crisis

A year ago archaeologists came across a unique monument, the largest ancient Greek tomb that has ever been found in the country. The Amphipolis tomb, built on Casta hill, near Serres, northern Greece, attracted media attention from across the globe since it was believed...

Survey Shows Germans Do Not Believe in Greek Bailout Deal

German financial newspaper Handelsblatt conducted a survey on the Greek bailout deal that yielded results demonstrating negative perceptions from German citizens toward the deal. The Greek Parliament ratified the third bailout deal with international creditors on Friday morning. The Eurogroup will convene later...

International Media React to Greek Parliament Approval of Third Bailout

Following the ratification of the a third bailout deal by the Greek Parliament, major international media outlets focused on the rift within the SYRIZA party and the potential of snap elections in Greece. On Thursday morning, after a lengthy discussion,...

Greek Court Rules in Favor of Eldorado Gold

The Council of State, Greece's supreme court on administrative and environmental interest matters, has issued two court decisions in favor of Hellas Gold SA, Eldorado’s subsidiary in Greece, announced the company. Both decisions concern Hellas Gold’s rights to the use...

The Great Greek Summer Escape

Greeks will be leaving their cities for vacation over the weekend, on the occasion of the Dormition of Virgin Mary on August 15. They are expected to travel via boat, train, bus and airplane, with occupancy levels reaching 80% to 100%. From Friday...

Greek Citizen Protection Ministry Dissatisfied Over Retirement of Uniformed Officials

Greece's Citizen Protection Ministry expressed its dissatisfaction regarding the submission of a new amendment on the retirement of military and security force officials. The Ministry statement spoke of a sudden amendment submission, stressing that this action radically opposes the Ministry’s political leadership. This...

Greek PM Tsipras Attacked by Opposition and His Own Party

Greek Prime Minister Alexis Tsipras received a lot of fire from the opposition and several of his own lawmakers on the harsh reforms required for Greece's bailout agreement, despite the fact that a total of 222 MPs voted in...

European Commissioner Avramopoulos Attends Greek Govt Meeting on Migration

A wider Greek government meeting on migration issues affecting the Greek islands and ways to deal with the problem took place at Greece's Interior Ministry on Thursday. The meeting was attended by European Commissioner for Migration, Home Affairs and Citizenship Dimitris Avramopoulos,...

IMF Presses Europe to Ease Greece's Debt

The International Monetary Fund (IMF) puts pressure on Europe to table a proposal for a Greek debt write-down as a condition for its participation in the country's third bailout program. The IMF believes that the Greek debt is unsustainable and it...