Calamos Supports Greece

PASOK

Papandreou Calls on Pasok Lawmakers to Support Austerity Bill

Prime Minister George Papandreou called on lawmakers from his ruling PASOK party to support an austerity bill to be voted in parliament on Oct. 20. “We have to be in a strong position for discussions at the European summit talks...

Venizelos Blasts Strikers, Says Tax Evaders Will Be Named

ATHENS - As growing numbers of public workers join the ranks of strikers protesting pay cuts,  tax hikes, and the layoff of 30,000 workers Finance Minister Evangelos Venizelos blistered them for their actions and said the city was under...

Greek Surtax Doubles, Tax Inspectors Set to Strike

A relentless wave of tax increases hasn't provided enough revenue to plug a deep hole in public finances, so a new supposed one-time “solidarity” surtax on income paid by Greeks will continue next year[...]

PASOK Slips, But No Winners Seen

PASOK Slips, But No Winners Seen ATHENS - Eighteen months after imposing pay cuts, tax hikes and slashed pensions on the working populace in an attempt to stave off bankruptcy, the ruling PASOK Socialist party has fallen further behind the...

Venizelos: Greece On Razor’s Edge

The agreement of July 21 either would be guaranteed as it is or we would seek something better Greek FinMin has reportedly said at the morning meeting of a ruling party parliamentary committee. Talking to PASOK MPs, Evangelos Venizelos said...

Two Years in Power: Ten Things George Papandreou Has or Hasn’t Changed

From crushing ruling Conservatives party two years ago, Papandreou’s poll numbers have suffered a dramatic slump turning the Greek PM into a contemporary Diogenes of Sinope who instead of strolling around with a lamp looking for an honest man, he’s desperately looking for his voters- if there’s anyone left that is[...]

Troika Wants Greece's Minimum Wage Scrapped

More bad news is brewing for Greek workers in a seemingly endless onslaught of pay cuts and tax hikes. In return for bailout loans keeping the country afloat, the Troika of the European Union[...]

Syriza Reacts to Government's Policy

SYRIZA group leader, Mr. Alexis Tsipras called yesterday PASOK’s policies “disastrous” for the Greek economy and the country as well. According to Mr. Tsipras, the government’s policies will inevitably lead the country to default and he accused Germany for trying...

As Greeks Rage, Merkel Says Germany Backs a “Strong Greece”

ATHENS – As Prime Minister George Papandreou’s PASOK Socialist Members of Parliament unanimously supported an emergency property tax as part of crushing new austerity measures ordered by international lenders in return for money to keep Greece from going bankrupt,...

In Washington, Venizelos Tries to Convince Skeptical World

Even while Greek Finance Minister Evangelos Venizelos was busy in Washington trying to persuade everyone that Greece will not default, although it is drowning in debt and misery over deep pay cuts, tax hikes and slashed pensions while tax...