Calamos Supports Greece

New Democracy

Pension Battle Cracks the Greek Coalition

ATHENS – Interim Prime Minister Lucas Papademos’ six-week old shaky coalition government is showing signs of splitting over a refusal by the conservative New Democracy partner to cut auxiliary pensions in another cost-cutting scheme to keep Greece from going...

Papademos to Nail Down Duration of Coalition

Greek Prime Minister Lucas Papademos will hold talks with all three parties in his coalition to nail down a time frame and possible end date for his government after internal divisions have created friction, reports said Wednesday. "There will be...

No Holiday for Greek Government: Make or Break Time

ATHENS – As the bad economic news keeps piling up for Greece - retail sales for this year were down 30 percent, and storeowners say people are window shopping but not buying much for Christmas - the shaky coalition...

Greece’s Investors Reluctant to Take a Bath

ATHENS – Only a day after Greek officials said they were optimistic about reaching an agreement with banks and investors to write down as much as 50 percent of the country’s debt, reports said many are balking at the...

Troika Tells Greece: Action, Not Talk

ATHENS – Official from the Troika of international lenders keeping Greece on economic life support with rescue loans will wrap up a 10-day visit here on Dec. 18 and said they want some firm proposals on demands to further...

Greece: The Incredible Shrinking Country

ATHENS – Even as interim Prime Minister Lucas Papademos, who is leading a temporary coalition government, insisted that he’s on track to keep international aid coming and eventually right the technically-bankrupt country, statistics show the economy is contracting worse...

IMF Says Greeks Taxed-Out; 150,000 Will Lose Their Jobs

ATHENS – Buried under waves of austerity measures, beleaguered Greeks shouldn't have to suffer any more tax hikes, one of its principal international lenders, the International Monetary Fund, said, but the government is still proceeding with plans to reduce...

PASOK and New Democracy at Daggers Drawn Over Past

Just as the European Union is experiencing the most serious economic crisis in its existence and with Greece on the verge of bankruptcy, the two major parties forming Greece's national salvation government are taking every opportunity to clash and...

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[...]