Calamos Supports Greece

Greece

European Commission President: Fear Made Agreement With Greece Possible

In an interview with the Belgian newspaper Le Soir that was published on Wednesday, European Commission President Jean Claude Juncker appeared concerned over the state of the European project. Juncker argued that Greece should not feel humiliated with the outcome of the Brussels negotiations of July 13...

Troika Returns to Athens to Assess Greek Economy and Start Negotiations

The troika of international creditors returns to Athens on Thursday to start assessing the state of Greece's economy, complete the review of the second bailout program and start working on the third. According to a Proto Thema newspaper report, the...

ELSTAT: The Crisis Greatly Affected Men's Job Opportunities

Even though more men were fired after the economic crisis hit Greece, women continue to be the weaker sex in regards to the labor market, as the rate of unemployment in women is still higher. Data released by the Hellenic Statistical...

SYRIZA Left Platform Attacks Tsipras, Party Split 'Unavoidable'

SYRIZA's left platform attacked Prime Minister Alexis Tsipras for not having a Plan B and succumbing to creditors' demands to sign a deal that goes against party policy. With several SYRIZA MPs stating that they will vote against the second...

190 Migrants Arrive Safely in Sitia, Crete

A group of 190 illegal migrants, who had been sailing in a rudderless ship near the Greek island of Karpathos, were safely collected and transferred to Sitia, Crete on a freighter. They arrived at the port early in the...

Bailout Reforms Put Heavy Pressure on Greece's Shipping Industry

Greece's world-leading shipping industry is coming under increasing pressure to carry a big part of the new taxes the new bailout agreement requires. The Greek government has agreed to raise taxes on the long-protected sector of shipping, "a part of...

Greek Deputy Minister of State: Fighting Corruption Will Be 'Number One Priority'

Fighting corruption and finding ways to offset the harsh measures imposed by Greece's creditors will be the coalition government's top priority, Deputy Minister of State Terens Quick told the ANA-MPA in an interview. "The number one priority is for people...

Greek Parliament to Vote Second Set of Reforms Amid Strong Reactions

Greek lawmakers are called to vote the second set of required reforms on Wednesday, while several MPs of the ruling SYRIZA party openly express their disapproval. Prime Minister Alexis Tsipras tried to rally his party on Tuesday stressing that the...

Negotiations on Greek Bailout to Begin Once Prior Actions are Passed, Gov't says

Negotiations between Greece and the institutions will begin as soon as Parliament votes for the prior actions demanded by Greece's creditors and will run until August 20, Greek government spokeswoman Olga Gerovasili said. She said these prior actions will...

Standard and Poor's Upgrades Greece's Long Term Rating

Ratings agency Standard and Poor's upgraded Greece's credit rating on Tuesday from CCC- to CCC+. Though CCC+ is still a "junk" rating, Standard and Poor's said that following the agreement reached with international creditors, Greece's chance of exiting the Eurozone by 2018 are less than 50%...