Calamos Supports Greece

public sector

Dismissals Imminent at 14 Public Organizations

The Greek government is to accelerate its job-cutting measures so as to hit the Troika's target of 11,000 public sector dismissals by the end of 2014. Those at risk of dismissal are those who have been placed in the state's availability-mobility scheme and those suspected of having been hired...

21 Greek Public Sector Bodies May Be Abolished

It is rumored that the Greek Ministry of Administrative Reforms is planning on submitting a new legislative bill that will turn Greece's public sector upside down. The bill includes the abolition of 21 public sector bodies, part of the Ministry's...

New Evaluation Method for Public Sector Employees

The new evaluation method for the Greek public sector employees will put an end to “excellent” grades, as it introduces a new quota on ratings. The bill concerning the evaluation of civil servants is one of Greece’s obligations under...

Number of Greek Civil Servants Has Decreased

After the demand of Greece's lenders for staff reduction in the public sector, it appears that the Greek government managed to decrease the number of civil servants. Kyriakos Mitsotakis, the Minister of Administrative Reform, reported that Greece is likely to recover...

Drop in Greek Minimum Wage Predicted for 2013

  According to the Organization for Economic Co-operation and Development’s (OECD) (released by Kathimerini), there is a large decrease in the net salary of the Greeks. OECD’s data shows that the net salaries of the Greeks has decreased by 1.7 percent...

He Quit His Job in the Public Sector to Make Soap

This man stated that he is sick and tired of the Public Sector in Greece. During his interview, he explained why he took this unbelievable (at least for most of us) decision. This might well have been the oddest news...

Civil Servants Paid More than Private Sector Employees

As shown by a recent European Commission report, the private sector is slowly losing its former glory. It appears that nowadays, the salary of civil servants exceed those of a private sector employee. Since the financial crisis, caused by the...

Troika Asks the Dismissal of 40% of Suspended Civil Servants

Troika asks the dismissal of 2,000 civil servants for this year, while 15,000 more employees are expected to be fired by next year. Troika seems to have prepared the “recipe” to ensure the dismissal of employees working in the public...

ADEDY Plans Days of Strikes

Next week will be a week of strike action, as the Public Servant’s Union (ADEDY) is proceeding to escalation of protests with “prolonged, multiform, conflictual, fighting demonstrations against the policy of suspensions and dismissals,” after the decision of the...

Greece May Pay Graft Whistleblowers

Unable to stop still runaway corruption, the Greek government is reportedly considering paying people and providing other incentives for those who report cases of graft and bribery in both the private and public sector, the newspaper Kathimerini reported. The ministries...