Calamos Supports Greece

Europe

Austria: Troika Violates Human Rights in Greece

According to a report by the Austrian Trade Union Federation and the Austrian Chamber of Labor, the policy that troika is implementing in Greece violates human rights and the European law. Andreas Fischer-Lescano, professor of European law in the University...

Economist: Troika is Eating Away the Countries it Saves

An article published on Friday by the British financial magazine “The Economist” exercises harsh critic on the representatives of Greece’s creditors, comparing the troika to the mythical three-headed hellhound Cerberus. “In Greek mythology, Cerberus is the three-headed dog guarding the...

EU Commission: Greece, Get Along With Troika

In a meeting held earlier on Friday in Brussels, the eurozone’s finance ministers have agreed to provide the International Monetary Fund (IMF) with political guarantees, in order for it to continue to participate in the Greek bailout package, as...

Troika Policy: Social Consequences Cannot be Ignored

The weakening of collective agreements, high levels of unemployment and the violation of fundamental social rights were the main social consequences in Greece, Cyprus, Portugal, and Ireland, the four countries subject to the Troika's programmes, said employment MEPs and...

FOCUS: Greek State No Longer Afraid of Troika

According to the German magazine “Focus,” Greece has a negotiation advantage over its creditors this time. In the related article, Robert Halver, an analyst of Baader Bank, estimates that “the next loan installment to Greece will surely be approved...

Troika: Ireland is Ready to Exit the Bailout

Today Troika completed its final review of the economic situation of Ireland. According to Troika, Ireland is now ready to exit its bailout program; it is the first European country to achieve this. According to the official report from the...

EU Parliament: Query about Troika’s Decisions for Greece

A special committee of inquiry will be appointed by the Economic and Monetary Affairs Committee of the European Parliament in order to investigate the role troika played in Greece, Cyprus, Portugal and Ireland. The issue was discussed last week in...

Regling: Troika Should Be Broken Up Eventually

Klaus Regling, the head of the euro zone΄s bail out funds, has lashed out at the International Monetary Fund (IMF), saying it made a mockery of Europe΄s budget rules and should not play a role in the longer term...

Troika Says Greek Tax Collection Flawed

The European Union and International Monetary Fund, who, along with the European Central Bank, make up Greece's Troika of lenders of last resort, have issued a report damning the country's tax collection system as broken. To indicate the size of...

Cypriot’s Troika Bailout Deal Still Elusive

While Cypriot officials said on Nov. 23 they had reached a deal with international lenders for a bailout, no agreement has been reached and the prospects are still fraught with problems. According to the newspaper Fileleftheros, the first test will...

Two Greeks in Troika Talks With Cyprus

Two Greeks are going to be included in the delegation of the Troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) which is negotiating with Cyprus over the size and conditions the island needs to right its struggling...

German Chancellor Merkel Exits with Good Reviews — But Not from Greece

German Chancellor Angela Merkel is leaving office after 16 years, receiving favorable  assessment internationally, the same has not been forthcoming from Greece. According to the Pew Research Center, the departing German Chancellor has been rated positively in almost all of the...

Referendums: A Greek-British Affair

I have written many articles expressing the relationship between Greece and the United Kingdom. But I have never formerly mentioned the elephant in the room - the two countries past experiences with referendums. Greece has recently elected a new government...

Former Estonian President Frustrated with Greek Bailout Programme

Former Estonian president, Toomas Hendrik Ilves, claimed his country showed “responsibility and dedication” towards the European Union during the time of the Greek crisis and paid a big price for it. Speaking on BBC Radio 4’s ‘Europe Unbound’, Mr Ilves...

British Wage Cuts on a Par With Greece

The Trades Union Congress (TUC) study has found that workers in Britain have suffered the biggest drop in real wages since the financial crisis - more than any other leading economy besides Greece. Real earnings of British employees declined...