Calamos Supports Greece

Kyriakos Mitsotakis

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...

Samaras Says Greeks Back Firings

Despite waves of building protests and a general strike of public and private workers set for July 16 - the day Parliament votes on a reform package to sack 15,000 state workers and put another 25,000 in line to...

POE-OTA Protests and Closes Municipalities

While the Minister of Administrative Reform, Kyriakos Mitsotakis, was informing on July 10 Prime Minister, Antonis Samaras, and Deputy Prime Minister,  Evangelos Venizelos, about the progress of the administrative reform at the Maximos Mansion, the POE-OTA (Federation of workers...

Greece Sets 4,200 Worker Layoffs

The Greek government has identified 4,200 workers, mostly teachers, school janitors, crossing guards and municipal police officers who will be the first to be fired if other positions can’t be found for them. They will be put into a so-called...

New 24-hour Strike in Municipalities

POE OTA members, the Panhellenic Federation of Workers of all specializations in the municipalities and local communities of Greece, decided a 24-hour strike on July 9 and a gathering at 11 in the morning at Karaiskaki Square. The welfare services...