Calamos Supports Greece

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Austerity Budget Done, Greece Waits on EU

Having done its job – approving a $17.45 billion spending cut and tax hike plan and an austerity budget, Greece is now waiting for its international lenders to hand over a long-delayed $38.8 billion installment in return as promised....

Big Fat Greek Strike

Tens of thousands of Greek workers began a 48-hour strike on Nov. 6 to protest a new round of austerity cuts that unions say will devastate the poor and drive a failing economy to collapse. The strike was called by...

Greek Hospital Doctors to Strike Oct. 17-18

With a general strike already called for Oct. 18 by Greece's two largest labor unions in protest of more impending austerity measures from the government, hospital doctors said they will join and also not work the day before. Oct. 18...

Greece's Labor Unions Call Oct. 18 Strike

Following a massive protest and general strike last month against more austerity measures being readied by Prime Minister Antonis Samaras' uneasy coalition government, Greece's two largest unions have called another strike for Oct. 18, the day of a European...

New General Strike on October 18

Two leading Greek unions, Gsee and Abedy - representing respectively private sector and state employees - have called a 24-hour general strike next Thursday, October 18, to coincide with a European summit in Brussels, local media reported citing union...

Labor Unions Call Work Stoppage, Rally to Protest Merkel Visit

Greek labor unions called a work stoppage and a rally in Athens on Tuesday to protest against the planned visit of German Chancellor Angela Merkel to Athens, a union official said on Friday. The rally, called by the country's two...

Greece Gears Up for Week of Strikes Against Cuts

Greek Prime Minister Antonis Samaras faces the first real test of his already-shaky three-month coalition government this week with the walkout of public workers in several sectors and a 24-hour general strike on Sept. 26 against another round of...

Greek Purchasing Power in Freefall, Unions Say

Severe wage cuts have halved the purchasing power of Greeks over the last three years, according to the results of a union study published Friday in the Athens daily Ta Nea. In 2012, the monthly minimum wage was cut from...

Greek Labor Analyst Says Jobless Rate Could Hit 29%

ATHENS - With Greece’s unemployment rate already at a record high of 23.1 percent  - and 1.15 million people out of work during a crushing economic crisis, the Director of the Labor Institute at Greece’s largest private sector union...

Greek Coalition Eyes More Pension, Wage Cuts to Close Gap

ATHENS – Days after Greek Prime Minister Antonis Samaras and his coalition partners said they would not again cut wages and pensions as part of a $14.16 billion savings plan to satisfy international lenders, they are reportedly ready to...