Calamos Supports Greece

Greek Finance Ministry

Greece Dismisses Rumors About Preparing IOUs to Pay Pensions

The Greek Finance Ministry dismissed a recent news article, which claimed that the government was preparing to pay state pensions with IOUs. The Greek newspaper Kathimerini, noted that Greece’s General Accounting Office was preparing to issue a second currency (IOUs),...

Trade Unionists Hang Anti-Austerity Banner On Greek Finance Ministry

While Greece's Prime Minister Alexis Tsipras was negotiating with international creditors for the the country's salvation earlier today, a huge banner that urged Greek citizens to vote "No" in the July 5 referendum on the institutions' proposed bailout deal was hanged on the...

Michalis Psalidopoulos Appointed as Greece's New IMF Representative

Michalis Psalidopoulos was appointed as Greece's new representative at the International Monetary Fund (IMF), the Finance ministry said on Wednesday. Psalidopoulos is the president of the Center of Planning and Economic Research (KEPE) and Professor of Economics at the Athens...

Greek Finance Ministry Occupied by Trade Unionists

Members of the All Workers Militant Front (PAME) trade union have currently occupied the Greek Finance Ministry. According to their announcement, “at the moment, workers from dozens of trade unions in the private and public sector have rallied in PAME...

Greek Auto Market Reacts Positively to Car Taxation Plans

Greek auto market officials reacted positively to a Finance Ministry plan to change car taxation, however, officials said the market should wait for the Ministry's final proposals to judge the result. Market officials said a plan to link car taxation to the...

Greek Finance Ministry: Proposal on Taxing Bank Transactions Has Been Dropped

A proposal on taxing bank transactions which was presented during the ongoing negotiations at the Brussels Group has been withdrawn following reactions by the Greek finance ministry, the ministry said in a press release on Tuesday. It also said...

Greece Owes 4.4 Bln Euros to Suppliers

Greece's economy seems to have reached its lowest point, as the Greek government is unable to pay 4.4 billion euros to its suppliers. Meanwhile, the Greek insurance funds are facing the same problem with administration striving to find more resources. Over...

Greece Pays 750-Million-Euro Installment to IMF

The Greek government paid the latest 750-million-euro installment to the International Monetary Fund, according to Reuters. The agency spoke with two Greek Finance Ministry officials who confirmed the news. "The order to pay the IMF has been executed," a senior...

Greek PM Tsipras Holds Meeting With Laid-Off Finance Ministry Cleaning Staff

Fifty members of the Greek Finance Ministry’s cleaning staff who were laid-off last year took a group photo along with Greek Prime Minister Alexis Tsipras at the steps of Maximos Mansion after their meeting, on Thursday May 7. Last year...

Greece Misses Budget Revenue Target for Two First Months of 2015

Greece missed its budget revenue target during the first two months of 2015, complicating the talks with its international creditors over securing more bailout funds for its economic recovery, according to the country’s Finance Ministry data. Political uncertainty has...