Calamos Supports Greece

IMF

New Democracy Warns Of SYRIZA Uprising

With Greeks fleeing to their villages and vacations for August, the coalition government headed by New Democracy Conservative leader and Prime Minister Antonis Samaras is gearing up for trouble when they return next month and expected protests against the...

Lagarde Says EU Must Cut Greek Debt

Greek Prime Minister Antonis Samaras' hope that international lenders will yet agree to cut Greece's debt even if it makes them take losses is still alive, at least with International Monetary Fund Managing Director Christine Lagarde, who said Europe...

Brazil Opposed IMF Aid For Greece

The International Monetary Fund's decision to keep sending rescue loans to Greece ran into opposition from Brazil's Executive Director at the institution who said he doesn't to keep supporting the debt-crushed country that looks to be years away from...

IMF Says Greece Needs More Money

Two bailouts of $325 billion haven't been enough to slow Greece's economic decline, even with big pay cuts, tax hikes and slashed pensions so the country will probably need more money and debt relief from European countries, according to...

Greece Targets Wrongdoing Civil Servants

Getting ready to transfer or fire up to 40,000 public workers over the next two years on the orders of international lenders, Greece is finally going after those who've been disciplinary problems or been wrongdoers at work. Some 104 civil...

Italian PM Says Greek Bailout Flawed

Visiting Italian Prime Minister Enrico Letta said after a meeting in Athens with Prime Minister Antonis Samaras that the bailout program pout together by the country's international lenders would have caused less of a "financial disaster," if administered better,...

Troika Sees Small Progress, Big Gaps

Greece is making achingly slow progress with fiscal and structural reforms but woefully behind in other key areas and is facing a funding gap that needs to be filled somehow, according to the European Commission's report on the third...

Where Did Greece's Bailout Money Go?

Three years after international bailouts began to keep Greece's economy from imploding, the government has spent a first rescue package of $152 billion and is working its way through a second of $173 billion but the country's debt is...

Schaueble Denies Hiding Greek Bailout Costs

German Finance Minister Wolfgang Schaeuble, whose country has insisted on harsh austerity measures in Greece in return for being the biggest contributor to $325 billion in two bailout loans, said that Berlin is not hiding the real costs to...

Samaras Moves Toward Total Control

With the Greek Parliament in summer session, and only 100 of 300 members needed to be present, Prime Minister Antonis Samaras has quietly sent the body  a bill that would allow public sector reform to be imposed by presidential...