Calamos Supports Greece

Greek labor law

Brain Drain: 450,000 Greeks Left the Country in Past 8 Years

Almost 450,000 Greeks left the country in the 2008-2016 period, depriving Greece of brain power while at the same time contributing to the aging of the population. The figures were presented on Tuesday, during the American-Hellenic Chamber of Commerce...

Greek PM: Everyday Life of Citizens is Our Top Priority

"People's every day life is our top priority," stated Greek Prime Minister Alexis Tsipras on Sunday, addressing his new cabinet after Friday's reshuffle. Tsipras gave the signal for the completion of the second bailout program review saying that the aim...

Greece's Creditors Propose Danish Model for Labor Laws

Greece's creditors have proposed more flexibility and mobility regarding employment and suggested the Danish model for labor legislation. The proposals came to light after the conclusion of the first bailout program review. They are included in the latest Parliamentary Budget...

Greece-Creditors Disagree Over Required Labor Reforms

Greek Labor Minister Giorgos Katrougalos on Sunday disagreed with creditors over bailout program prerequisites regarding labor reforms. The creditors representatives argued for the changes in labor laws that were agreed in the previous two bailout programs. The Greek side highlighted...

Creditors' Technical Teams Arrive in Greece for Second Bailout Program Review

The technical teams of Greece's creditors arrived in Athens today (Monday) ahead of the second review of Greece's bailout program. The European Union mission chiefs will arrive on Wednesday and the International Monetary Fund representatives are due on Friday. The thorny...

Greek Gov't Rushes to Complete Second Bailout Program Review by November 7

The Greek government aims at completing the second bailout program review by November 7 by closing open issues such as labor law reforms and privatizations. On October 16, the team of creditors' representatives arrive in Athens for the second round...

Labor Minister Says Negotiations for Labor Law Reforms to be Based on International Committee of Experts Report

The basis for the negotiations between the government and the institutions on labor law reforms will be the report of the International Committee of Experts, Labor Minister George Katrougalos said on Wednesday, after his meeting with the institutions’ mission...

Employers and Employee Unions Agree in Principle on New Labor Laws in Greece

Representatives of employer associations and employee unions reached a minimum level of agreement on Tuesday on the upcoming changes on labor laws. The two sides negotiated in the presence of Labor Minister Giorgos Katrougalos. They chose to put disagreements and...

Euro Zone Finance Ministers Warn Greece of Tough September

Greece is not on the agenda of today's (Monday) meeting of euro zone finance ministers, but European Commission officials warn Greece that September will be tough. The second review of Greece's bailout program will take place in September and it...

Greek Economy Minister: The Real Difficulties are Ahead of Us

Economy Minister Giorgos Stathakis admitted that although the first bailout program evaluation was successful, there are still thorns ahead that the government will face in September. Stathakis made the statement in Greek Parliament during talks on the new development law...