Calamos Supports Greece

Troika

Samaras Sees Hope for Loan Deal

After being upstaged when Eurozone finance ministers couldn’t agree on releasing a long-delayed $38.8 billion loan installment to keep Greece’s economic alive, Prime Minister Antonis Samaras said after a European Union budget meeting failed that he believes the monies...

Samaras in Brussels, Merkel Says Loan Coming

Greek Prime Minister Antonis Samaras was in Brussels on Nov. 22 for the start of a two-day meeting of European Union leaders on the region's budget where he was expected to meet Eurozone chief Jean-Claude Juncker and push for...

Samaras Plans Post-Loan Cabinet Shakeup

Once Greece gets a long-delayed $38.8 billion installment from international lenders – now expected to be Dec. 5 - Greek Prime Minister Antonis Samaras reportedly will reshuffle his Cabinet and reward his coalition partners, PASOK Socialist leader Evangelos Venizelos...

Greece's Big Week: EU Showdowns

Having secured reluctant Parliamentary approval of a $17.45 billion spending cut and tax hike plan demanded by international lenders, Greek Prime Minister Antonis Samaras is preparing for a week of meeting European Union leaders in the hopes they will...

Growing Worry Over Depression in Greece

The World Association of Psychosocial Rehabilitation has focused on Greece and the effects of austerity after almost three years of deep budget cuts. The 11th Congress of the organization took place in Milan, Italy and was focused on psychological health...

Lagarde Says Greece Needs Solution

As Greece waits fretfully for whether Eurozone leaders this week will release a delayed $38.8 billion installment needed to keep the country’s economy afloat, International Monetary Fund (IMF) chief Christine Lagarde said a permanent answer must be found to...

Greek Coalition Reels, Awaits EU on Loan

Prime Minister Antonis Samaras is struggling to keep his uneasy coalition together in an attempt to present a united front before Eurozone finance ministers meet on Nov. 20 to consider approving a long-delayed $38.8 billion loan installment, and as...

Thessaloniki Mayor Refuses Layoff Order

Thessaloniki’s Leftist Mayor Yiannis Boutaris, who earlier said he could operate the city with half its staff, now has refused government orders to lay off workers as demanded by international lenders, a stance that has other mayors across Greece...

Greece Raises $5.15 Billion to Cover Loan

Waiting on a desperately-needed $38.8 billion installment from international lenders as the country is running out of cash, Greece raised 4.06 billion euros ($5.15 billion) on Nov. 13 from the sale of short-term treasury bills – money it will...

Troika: Two More Years for Greece to Cost 32.6 bln Euros

Plans to give Greece extra time to meet deficit-cutting targets would open up a financing gap of around 15 billion euros ($19 billion) through 2014 and 17.6 billion euros in the two following years, the country’s creditors said. The “troika”...