Calamos Supports Greece

Greek government

SOCAR Starts Negotiations on Privatization of DEPA with Greek Government

SOCAR and Greek government have started the negotiations on privatization of Greek gas company DEPA, said President of SOCAR Rovnag Abdullayev, APA-Economics reports. To him, Azerbaijan is on the threshold of purchase of a large gas company: ‘All the issues...

Anonymous Warn Greek Government of Cyber-Attack After ERT’s Shutdown (video)

Hacktivist group Anonymous posted a video on YouTube warning the Greek government of their intention to launch a cyber-attack on state websites beginning on June 15th in retaliation to the shutdown of public broadcaster ERT and the dismissal of...

Greece May Pay Graft Whistleblowers

Unable to stop still runaway corruption, the Greek government is reportedly considering paying people and providing other incentives for those who report cases of graft and bribery in both the private and public sector, the newspaper Kathimerini reported. The ministries...

Samaras Vows Crackdown on Neo-Nazis

Greek Prime Minister Antonis Samaras vowed to crack down on neo-Nazi groups in a landmark speech marking the 70th anniversary of the first deportations of Thessaloniki's Jews to the Auschwitz-Birkenau death camp. Samaras spoke Sunday at a memorial ceremony at the...

Government Ministers Won't Be Changed: Spokesman

Greek government spokesman Simos Kedikoglou said there was no truth to reports that Prime Minister Antonis Samaras was planning to change the ministers in his government. “There is no issue at all of a reshuffle, period,” Kedikoglou said in an...

S&P Chief: 33% Chance Greece Leaves Euro

While Greece seems to have secured its immediate survival with a pending first series of $56.7 billion in loans and a bond buyback problem to write down its debt by 20 billion euros ($25.8 billion) if the current coalition...

Bloomberg: Europe’s Plan C for Greece is No Better than Plans A or B

Europe’s leaders have reached Plan C in their efforts to rescue Greece. Unfortunately, it lacks a crucial element also absent in Plans A and B: adequate debt relief, according to Bloomberg΄s view. The agreement between euro-area finance ministers and the...

Government Eyes Final Deal By End of October

The Greek government will reach a deal with a delegation of international inspectors by an Oct. 18 European summit, while a final deal is expected to be reached by a euro-zone finance ministers' meeting scheduled for the end of...

Greece to Stay in Recession for 6th Year, 2013 Draft Budget Shows

Greece's brutal recession is set to extend into a sixth year in 2013, when the economy will contract by another 3.8 per cent, according to forecasts in the draft budget submitted to Parliament on Monday. This year's recession will see...

Greek State Transfers 17% Stake in PPC to Privatization Agency

The Greek government Friday transferred a 17% stake in the Public Power Corp. SA (PPC.AT) to the country's privatization agency, paving the road for the sale of the stake in the state-owned power monopoly as part of the country's...