Greece
Calamos Supports GreeceCalamos Supports Greece

Lucas Papademos

Call for Coalition Government to Stay On Until 2013

ATHENS – Following remarks from New Democracy party leader Antonis Samaras that elections tentatively scheduled for Feb. 19 will probably have to be rescheduled because a temporary coalition government won’t be able to finish the work of keeping international...

Papandreou Under Pressure to Quit as PASOK Leader

Almost a month after he resigned as Prime Minister, George Papandreou is clinging to power as the head of the embattled PASOK Socialists, but a growing number of lawmakers and former ministers[...]

IMF Approves EUR 2.2 Bln Loan Tranche For Greece

The International Monetary Fund Monday approved a EUR2.2 billion tranche of its emergency loan program for Greece, paving the way for the debt-ridden country to avoid default. The IMF board approval of the program allows the fund to immediately disburse...

Temporary Greek Property Tax Surcharge May be Permanent

ATHENS – Of all the new slew of taxes imposed on Greeks to help the country from going bankrupt, perhaps the most hated – the so-called “haratsi,” or Turkish tax, a second property tax, that is being put into...

Joe Biden Has Arrived in Athens

U.S. Vice President Joe Biden has arrived in Athens for a two-day visit during which he will meet Greece's political leadership. Biden was greeted at Athens International Airport by Deputy Prime Minister Theodoros Pangalos. Biden will meet Monday with President Karolos...

Papademos: Property Tax Right Measure, But Mistakes Occurred

Property tax was rightly adopted, but mistakes were made, said Greek PM Lucas Papademos in the Parliament. In a response to communist party leader Aleka Papariga, he said that the property tax contributes to the fiscal consolidation effort of the...

Another Greek Strike Draws Yawns, No Violence

ATHENS – After 18 months of protests, riots and strikes, another walk off the job by Greek workers on Dec. 1 shut down many services in the capital and elsewhere in the country, but there was no repeat of...

Greece Gets it Loan, but Worries Mount Faster

ATHENS – After weeks of anguish, Greeks found out that international lenders providing the country with a series of bailout loans will release a delayed $11 billion installment needed to keep paying workers and pensioners, but it curiously did...