Greece
Calamos Supports GreeceCalamos Supports Greece

Yiannis Vroutsis

Athens Braces for Transport Strike as Unions Protest Social Security Reforms

Buses, trolleys, trams and metro transportation will be out of operation in Athens on February 18, as employees will be taking part in the 24-hour strike against the new social security bill expected to be brought before Parliament on...

''Rebrain Greece'': Government Presents Pilot Program to Bring Professionals Back from Abroad

A new pilot program for the repatriation of at least five hundred Greek professionals with high qualifications and experience, dubbed "Rebrain Greece," was presented on Monday by the country's Labor Minister Yiannis Vroutsis. The program aims to work as a...

Efforts Continue to Restore Power to Tinos as Outage Runs for Second Day

A team of technicians from the Hellenic Electricity Distribution Network Operator S.A. (HEDNO) was flown in to the island of Andros, Greece, in a civil protection agency helicopter on Thursday, as efforts continued to restore power to the island...

75% of Greek Pensioners Enjoy Early Retirement

Three out of four public sector and Social Security Fund (IKA) pensioners in Greece are opting for early retirement. This situation has caused the country’s pension system to become unsustainable. On Wednesday, Greek Labor Minister Yiannis Vroutsis presented data to the parliament, explaining that...

The Upcoming Troika Negotiations: A Case of Hot Potatoes?

The Troika's upcoming evaluation of Greece's financial recovery will include a helping of “hot potatoes” for the Greek government – that is to say, the need to address heated topics such as retirement age, public sector layoffs and health care costs. Today, a meeting...

Troika Talks in Paris In Good Terms, Greece to Issue 7-year Bond

Government spokesperson Sofia Voultepsi confirmed earlier today that talks between the Greek delegation, headed by Finance Minister Gikas Hardouvelis, and the Troika representatives in Paris are being held in a “positive climate.” “The Greek side has stressed the need for...

Unemployment is Society's Most Cruel Enemy

Unemployment is society's most insidious and cruel enemy, and undermines the dreams of young people, Greek Prime Minister Antonis Samaras said at the governing council for employment on Monday. Samaras made clear that unemployment should not be treated with wishful thinking...

Final Coordination of Greek Government Before Troika Meeting

Prime Minister Antonis Samaras and his coalition partner, PASOK leader Evangelos Venizelos, met Wednesday with Finance Minister Gikas Hardouvelis and other key cabinet members to finalize Greece’s strategy for the crucial meeting with Troika officials in Paris next week. Government...

Troika Asks for Speedier Actions

Greek Finance Minister Gikas Hardouvelis met with the troika on Thursday. During the meeting, he expressed strong displeasure over media reports on supposed government intentions to negotiate tax relief measures with the troika. This was Hardouvelis' first official meeting with...

Troika Delegation in Athens Today

The delegation of Greece 's international lenders, the so-called Troika, is expected to meet with Finance Minister, Gikas Hardouvelis today and with Labor Minister Yiannis Vroutsis tomorrow. Hardouvelis announced on Wednesday that the extraordinary and harsh measures taken over the...