Calamos Supports Greece

Louka Katseli

Greek FinMin Varoufakis and Hellenic Bank Association: Haircut Reports 'Baseless'

Greek Finance Minister Yanis Varoufakis and Hellenic Bank Association President Louka Katseli have refuted a Financial Times report regarding a 30% haircut on Greek deposits. The report is “baseless” said the Hellenic Bank Association President, stating that she had also contacted...

Hellenic Bank Association President: 'ATMs Will Operate Normally Until Monday'

The meeting between Greek Finance Minister Yanis Varoufakis, government Vice President Yiannis Dragasakis, Deputy Finance Minister Dimitris Mardas and Greece's bankers was completed. The meeting was attended by National Bank of Greece Chair Luka Katseli and Chief Executive Leonidas Fragiadakis, Nikos Karamouzis and...

Greek President: 'Greece's Path in the Eurozone Is a One-Way Street'

President of the Hellenic Republic Prokopis Pavlopoulos made another intervention in view of the July 5 Greek referendum. “We all know that Greece’s path in Europe and the Eurozone is a one-way street. Not only for financial reasons, but...

Greek Politicians’ Fake Success Story

The German weekly news magazine Focus in its article, A Fake Success Story, strongly criticizes the supposedly success story of Greece’s Prime Minister, Antonis Samaras. “Looks can be deceiving: The calm that seem to generally prevail, the lack of mass...

Former Socialist Ministers Form New Party Ahead of General Election

Two of Greece’s former Socialist ministers have announced the formation of a breakaway party as the debt-stricken country gears up for general elections in which the majority Socialists are expected to take a severe drubbing. Former development minister Louka Katseli...

Parliament Passes Austerity Bill, Katseli out of Pasok

The Greek parliament has given its final approval to the latest package of austerity measures. The new measures include pay and staff cuts in the civil service as well as pension cuts and tax hikes for all Greeks. Former Labour Minister...