Calamos Supports Greece

Reichenbach

Rehn: Things Still Difficult for Greek Citizens

A few days after the postponing of the discussion for the Greek debt for “some moment in the next summer,” European Commissioner for Economic and Monetary Affairs, and the Euro and vice president of the European Commission Olli Rehn,...

Greece Will Allow Sunday Store Openings

With more than 68,000 businesses closed in the last three years of a crushing economic crisis, the Greek government is planning to submit a bill that will let small stores be open on every Sunday and for department stores...

Greece Plans Tax Evader Prisons

Greek Finance Minister Yiannis Stournaras, who said he wants mandatory jail terms for tax cheats who now face only fines and suspended sentences, is reportedly considering a plan to house them in new special jails for those convicted of...

EU's Chief in Athens Upbeat Over Greece's Chances

ATHENS – While even a second bailout hasn’t quelled much skepticism that Greece’s economy can survive, the head of the European Union’s task force to the country said he thinks that the country is making progress on how it...

Time Running Out Fast for Greece While Investors Balk at Losses

ATHENS – While the government keeps insisting it soon expects a deal with private investors to write down the country’s debt, as part of a second bailout package needed to keep the country from defaulting, there was reportedly little...

Germans Remain Optimistic and Continue to Give Economic Advice to Greece

ATHENS – As German Foreign Minister Guido Westerwelle arrived in Greece on Jan. 15 for talks with political leaders of the debt-crushed and cash-starved country, with a message of support from European officials, German Chancellor Angela Merkel said Greece...

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...

EU Task Force Head To Visit Athens Tuesday, Wednesday

The head of the task force for Greece will visit Athens Tuesday and Wednesday, the European Commission said Monday. Horst Reichenbach will meet the country΄s Finance Minister Evangelos Venizelos, as well as an adviser to the prime minister, the commission...

Another EU Task Force Descends on Greece

ATHENS – Already under the thumb of the EU-IMF-European Central Bank Troika which is requiring Greek Prime Minister George Papandreou to keep cutting workers pay, pensioners benefits and raising taxes as a condition of getting rescue loans to keep...

Courts Fine Tax Evaders $10 Billion Greece Hasn't Collected

ATHENS – Even as the government is trying to squeeze every last cent out of taxpayers, it has failed to collect some $10 billion owed by tax evaders who’ve been ordered by the courts to pay, official data from...