Calamos Supports Greece

Staikouras

Greece Slows Tax Refunds, Investments

With tax revenues in January falling 241 million euros ($323 million) short of expectations as Greeks continued to slow spending in the wake of more austerity measures, the government is holding back tax refunds and investment projects rather than...

Greece Readies Case for Nazi Damages

Greek Alternate Finance Minister Staikouras Christos has granted more time to the working group researching how much Greece should demand in compensation from Germany for damages from World War II, which is now expected to be ready by the...

Samaras Meets Merkel in Brussels

Still pressing his case for support, Greek Prime Minister Antonis Samaras met with German Chancellor Angela Merkel in Brussels on Oct. 19 on the sidelines of an European Union summit meeting which began the day before. She had come...

Troika Will Leave Before Budget Cut Deal Done

Greek Prime Minister Antonis Samaras’ failure to convince his reluctant coalition partners to accept all the harsh measures in a $14.6 billion spending cut plan demanded by international lenders means the government will not be able to present a...

Little Work, But Greek Privatization Advisors Paid Millions

As Greece’s privatization board remained mostly dormant from July of 2011 to March of 2012, the government paid its workers and advisors nearly $8.74 million in salaries and expenses, according to data presented to the Parliament. The monies were paid...

Desperate Greece Set to Raise Retirement Age to 66

ATHENS – Looking to slash government spending everywhere it can to satisfy the demands of international lenders, the  coalition led by Prime Minister Antonis Samaras is mulling whether to force Greeks who were set to retire to work at...

Cash Running Out, Samaras Meets Troika for Urgent Budget Talks

ATHENS – With signs that his coalition government is fraying, Greek Prime Minister Antonis Samaras met for urgent talks on July 31 with officials from international lenders who are pressing him to make more cost-saving measures. Samaras was unable...

After Samaras Meets Troika, Greece Admits It's "Off Track"

ATHENS – New Greek Prime Minister Antonis Samaras faced the first test of his uneasy coalition government on July 5 when he met with high-ranking representatives of the Troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) to...

New Democracy Bashes Government

On Saturday, main opposition New Democracy (ND) stepped up its criticism of the government in the wake of the latest EU report on the Greek government. ND deputy and economy shadow minister Christos Staikouras emphasised that the assessments on the...