Calamos Supports Greece

Value Added Tax

Greek Gov't to Propose Tax Hikes, High Pension Cuts to Lenders

The Greek government is ready to propose tax hikes and high pension cuts to lenders as part of reforms in order to unlock liquidity for the Greek economy. Also, labor market legislation is put on the negotiation table. So far...

German Press: Gov't Considers Special Levy to Greece's 500 Richest Families

The Greek government is considering imposing a special levy on the country's 500 richest families as part of the measures proposed in order to unlock financial aid, said German newspaper Bild on Wednesday. The paper cites as source the list...

Varoufakis: Concessions to Reach Deal, Lenders Push Us to the Limits

Greece will make concessions in order to reach an intermediate deal that would increase liquidity now, and then come up with a comprehensive list of reforms for a final deal in June, Finance Minister Yanis Varoufakis said. "We are putting...

Organized Crime in Greece Generates €3.6 Bln a Year

Organized crime in Greece generates a little under 3.6 billion euros per year, with contraband products playing a major part, according to a European Commission study. According to the report titled "From Illegal Markets to Legitimate Businesses: The Portfolio of...

New Tax Measures Still Not Clarified, Varoufakis Criticized

The Greek government's efforts to restructure the tax system have created confusion among taxpayers as various ministers make statements that contradict each other. At the same time, Athens is trying to attach a price to a package of measures...

Defense Cuts Tradeoff For VAT Slash

When Greek Prime Minister Antonis Samaras on July 17 announced that the country's international lenders had agreed to a cut in the Value Added Tax (VAT) for the food sector and restaurants from 23 to 13 percent, he didn't...

Veteran Journalist Seraphim Phyntanidis Arrested For State Debts

Seraphim Phyntanidis, veteran journalist and chief editor of Eleftherotypia daily for many decades, was arrested Tuesday for debts to the state and is expected to appear before court on Wednesday facing misdemeanor charges. The 77-year-old journalist's initial debt to the...