Calamos Supports Greece

Stournaras

Second Wave of Mobility in EOPYY and Municipalities

The government board of administrative reform discussed the continuation of the mobility program, the acceleration of the evaluation process of private legal entities, and the issue of dismissals and the creation of more than 10,000 job positions. In Specific, the...

Lawsuits Against Papandreou and Stournaras

Τhe former member of Greece’s privatization fund has launched legal action against Finance Minister Yannis Stournaras, causing prosecutors to ask Parliament whether the economist’s ministerial immunity should be lifted. The case file, put together after ex-Hellenic Republic Asset Development Fund...

Greece's Properties Could Fill Budget Gap

Frantic to find a way to cover a looming $11-$14 billion hole in its budget next year, the Greek government reportedly is considering using its state properties as collateral to sell bonds as a way to raise critical revenues. Finance...

Stournaras Readies For Troika Talks

Greek Finance Minister Yannis Stournaras, who said all will be well with the economy beginning next year, will begin a new round of critical talks with the country's international lenders beginning Sept. 22, meeting the top envoys from the...

Stournaras Says "Compulsory Exits" Aren't Firings

Taking political spin to new heights, Greek Finance Minister Yannis Stournaras said public workers who will be dismissed from their jobs aren't being fired, merely being given "compulsory exits," although the end result means they will be without a...

Greece To Scrap Quasi-Fiscal Charges

While Greece is frantically looking for cash everywhere during a crushing economic crisis, the Finance Ministry said it's going to get rid of up to 200 levies designed to raise funds for social security funds and other organizations after...

Eurozone Chief Sees 3d Greek Bailout

Reinforcing growing sentiment that disputes the Greek government's assertion it's on the road to recovery, Eurozone chief Jeroen Dijsselbloem told the European Parliament that the country needs a third bailout next year. Greece is surviving on $325 billion in two...

Greek Tax Agents Meet Hostile Crowds

Restaurant and tavern owners and customers are increasingly harassing tax inspectors at a time when Greece has intensified a long-overdue crackdown on tax evasion, but officials are determined to enforce the tax laws. Residents in a village in Peloponnese barred...

Stournaras Sees New Bailout, Not Austerity

Greek Finance Minister Yannis Stournaras, who keeps revising the potential need for more aid for Greece, said if a third bailout is required that it would be for only 10 billion euros ($13 billion) and that there would not...

Schaeuble Was Ired By Haircut Talk

German Finance Minister Wolfgang Schaeuble, who sparked a fury of debate last week when he said Greece would need a third bailout package said he was motivated by irritation over constant talk Greece would have to impose losses on...