Calamos Supports Greece

Kyriakos Mitsotakis

HS Teachers Moving To Grade Schools

The Greek government's so-called mobility scheme that will move or fire 40,000 public workers will lead to the transfer of 6,025 schoolteachers from junior high and high schools to elementary schools. While Administrative Reform Minister Kyriakos Mitsotakis said a program...

Diaspora Bureau Takes Staff Cuts

The General Secretariat for Greeks Abroad, an agency founded 30 years ago to help facilitate relations with the Diaspora, could be in jeopardy after 10 of its 51 staff members were put into the government's mobility scheme, which means...

Vroutsis Insists No More Austerity

Despite an International Monetary Fund (IMF) report that there could be a hole as big as $14 billion in the Greek economy that needs filling, the coalition government led by Prime Minister Antonis Samaras has no plans to institute...

Greek Teachers Union Head Faces Firing

Among the list of 2,122 teachers who are to be suspended with reduced pay and almost certainly to be fired under a plan ordered by international lenders to cut the Greek workforce is OLME teachers union head Themis Kotsifakis,...

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...

Greece Readies Firing of 15,000 Workers

Some 15,000 workers  will be dismissed from the public sector by the end of 2014, Kyriakos Mitsotakis, Greece’s Minister of Administrative Reform, has reported as the government moves to meet the demands of international lenders to pare the heavily-bloated...

Greek Workers Fear Coming Firings

After three years of austerity measures that created a record 27.4 percent unemployment rate and put 1.3 million people out of work – all in the private sector – Greece’s fragile coalition government is turning its attention to reducing...

Doukas Says Greece Can't Repay Loans

Petros Doukas, who served in the finance ministry under former premiers Konstantinos Mitsotakis and Costas Karamanlis, said Greece will have to give its international lenders at least a 40 percent loss - a so-called "haircut" - because despite $325...

What Did Samaras Tell Schaeuble?

German Finance Minister Wolfgang Schaeuble met in Athens with Greek Prime Minister Antonis Samaras for only 40 minutes - 10 minutes longer than scheduled - on July 18 although the city center was shut down all day and all...

Greek Lawmakers OK Job Cuts

With a slim majority of 153 votes in the 300-member Parliament, the coalition government of Prime Minister and New Democracy Conservative leader Antonis Samaras and PASOK Socialist leader Evangelos Venizelos, shortly after midnight on July 18 got approval to...