Calamos Supports Greece

Kyriakos Mitsotakis

Samaras Refs Minister's Battle Over College Firings

Just after swearing in a new Cabinet, Prime Minister and New Democracy Conservative leader Antonis Samaras has had to step in between two of his ministers who are arguing over whether to rehire university staff fired as part of...

The Samaras Reshuffle Shuffles Along, Bakoyianni On Board

A long pending Cabinet shakeup by Prime Minister Antonis Samaras is reportedly set to take place, and a former minister, Dora Bakoyianni may be in line for either Finance Minister or as a European Commissioner. The two, who had barely spoken...

11,000 Public Sector Job Cuts Still Due 2014, 45,000 At Risk

With the Troika due to return to Greece immediately after the European elections, the Ministry of Administrative Reform in Athens is trying to catch up with the 11,000 public sector dismissals slated for 2014, lest bailout funds be withheld. Hundreds of contracts expire within months, but thousands more...

Dismissals Imminent at 14 Public Organizations

The Greek government is to accelerate its job-cutting measures so as to hit the Troika's target of 11,000 public sector dismissals by the end of 2014. Those at risk of dismissal are those who have been placed in the state's availability-mobility scheme and those suspected of having been hired...

Elliniko Municipality Accused of Boy's Death

The investigation conducted by public administration officials on the death of a 13-year-old at a fun fair in Elliniko, southern Athens, Greece has revealed serious shortfalls onthe local municipality's part,  which was found to have rented out the site illegally.  On Monday,...

New Samaras Shuffle, Stournaras to Bank of Greece

With one eye on a hopeful economic recovery and the other on next month's critical elections for Greek municipalities and the European Parliament, Prime Minister Antonis Samaras is reportedly planning yet another Cabinet shakeup that will see Finance Minister...

Greece's Repo Luxury Cars to be Raffled To Taxpayers

In a bid for citizens not to avoid tax, Greece is preparing to give away the luxury cars authorities have repossessed in the economic crisis in a prize draw, tickets for which will be ... shopping receipts. Greek newspapers have reported that...

Greece to Fire Thousands of State Workers

Greece's Minister of Administrative Reform, Kyriakos Mitsotakis, said on Wednesday that the government will proceed with the dismissal of thousands of civil servants who are suspected of not being hired legally. A ministry's internal audit in March showed that many public...

Mitsotakis Says Greece Back, Lower Interest Rates Key

Greek Administrative Reform Minister Kyriakos Mitsotakis, the man in charge of firing thousands of public workers in an austerity drive, said the big spending cuts and tax hikes are paying off with a looming recovery that will be buoyed...

Greece Sheds 200,000 State Jobs in Four Years

At least 200,000 public sector positions have been shed in Greece over the past four years, shrinking the state wage bill by about eight billion euros, according to Minister of Administrative Reform Kyriakos Mitsotakis. Presenting the 2014-2015 administration reform agenda to officials of the European Commission, the OECD (Organisation for...