Calamos Supports Greece

Stournaras

Greece Set to Slash Health Care, Welfare, Pensions, Salaries

ATHENS - Backtracking from campaign promises to hold the line on more austerity measures, Prime Minister Antonis Samaras was set to meet on July 27 with international lenders providing critical bailouts to Greece as his government is reportedly ready...

Venizelos Says No More Pay Cuts or Tax Hikes

ATHENS - Greek Prime Minister Antonis Samaras and his coalition partners have agreed on little more than half of the $14.1 billion in cuts demanded by international lenders over the next three years, but agreed that there would be...

Samaras Tells Ministers: Find $14 Billion in Cuts or I Will

ATHENS – With his Cabinet members reluctant to make deep cuts needed to satisfy international lenders who want Greece’s government to slash spending by $14 billion, new Prime Minister Antonis Samaras has told them that he will if they...

Samaras Tries to Keep His Coalition from Cracking

ATHENS – Trying to keep a rift in his uneasy alliance with his coalition partners from widening, new Greek Prime Minister Antonis Samaras met with them and agreed to reverse himself yet again and try to press international lenders...

Stournaras Asks No Concessions at Eurozone Meeting

BRUSSELS - Greece’s new Finance Minister Yiannis Stournaras, in his first meeting with leaders of the Eurozone of the 17 countries which use the euro as a currency, did not try to open negotiations to soften the harsh terms...

Greek Government Discredits Minister Who Quit

ATHENS – Moving swiftly to distance itself from one of its appointees who resigned, the Administration of Greece’s new Prime Minister Antonis Samaras said that former Deputy Labor Minister Nikos Nikolopoulos, who quit because he said the government had...

Think Tank Says Greek Economy is Tanking

ATHENS – New Greek Prime Minister Antonis Samaras faces an even more formidable challenge to get the country’s financial affairs back on track after the release of a report from the think tank founded by his new Finance Minister,...

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...

Samaras Ready to Bargain with The Troika

ATHENS – With inspectors from international lenders due on July 5, new Greek Prime Minister Antonis Samaras will reportedly try to convince them to accept a deal in which Greece would move more quickly on privatization and cutting the...

Troika Puts Off Talks, Tsipras Says Greece Should Bail Out

ATHENS – Inspectors for international lenders providing Greece with critical money lifelines were to arrive on July 3, but negotiations with officials of the country’s new coalition government on whether changes will be allowed to bailout deals have been...