Calamos Supports Greece

Europe

Champion of Greek Austerity, Wolfgang Schäuble, Dies at 81

The former finance minister of Germany Wolfgang Schäuble, who became a household name in Greece and Europe during the Greek financial crisis, died on Tuesday night. He was 81. A veteran leading member of the Christian Democrats (CDU), Schäuble was...

Salaries And Benefits of MEPs Dazzle Europeans In a Time of Austerity

With the European elections now behind us and political parties across the Union counting their gains and losses, the issue of the salaries and benefits enjoyed by Europe's 751 MEPs, surfaces yet again, causing widespread debate. As the official website...

Champion of Austerity Wolfgang Schäuble to Leave His Post

Wolfgang Schäuble; the all-powerful finance minister of Germany and staunch supporter of austerity in southern Europe and especially in Greece, is to leave his post after Sunday’s elections. Chancellor Angela Merkel’s Christian Democrats (CDU) announced that he will be nominated...

Greek Teacher Successfully Sues Over Austerity Cuts to Salary at Greek Government-Run School in Nuremberg

In Germany a federal Court has ruled in upholding a complaint filed by a Greek teacher concerning the pay cut imposed on his salary by the Greek government because he works at a Greek government-run school in Nuremberg. The unnamed...

Anti-Austerity Rally to Take Place in Frankfurt

Thousands of people are expected to take part in the anti-austerity rally which will take place on March 18 in Frankfurt, in support of Greece and other countries that have been forced to live under austerity measures. The rally...

Brussels: Solidarity Protest for Greeks and Against Austerity

A protest was organized in Brussels on Saturday evening in solidarity of the Greek people and against austerity measures. According to local media, only 150 protesters were present at first but their number quickly rose to 400. The protest was...

Greek Creatives Exhibit Austerity Art in Brussels

The Centre for Fine Arts in Brussels and the curator Katerina Gregos, under the program " Focus on Greece", present an exhibition, entitled "No Country for Young Men", which examines the Greek financial crisis through the work of a...

Palast Says Austerity Killing Greece

The American investigative journalist, economist and bestselling author, Greg Palast turned his attention to Greece and said austerity is killing the country. Palast underlined that the euro is the main reason for the bad economic situation in Greece.Moreover, Palast said that for...

Austerity’s Cost: Archaeological Sites Plundered

The BBC, in an article written by Theopi Skarlatos, has drawn attention to one of the least known collateral damages of the economic crisis in Greece: theft of archaeological treasures and unlawful antiquity trading. According to police reports, it has...

Greece Ravaged by Austerity Reinvents Itself

On June 26, the Guardian published an interesting article on how much the crisis has changed the Greeks’ attitude towards their tourists. The Guardian visited Mykonos, “the island made famous by Jackie Onassis,” which expects one million tourists to...

“Evzones” in Brussels Protest Austerity

Thousands of protesters rallied on March 14, in Brussels in order to express their opposition and anger against the austerity measures before all the EU leaders, who gathered for a summit to focus on investing in jobs. What really made...

The Greek Anti-Labour Austerity Reforms Condemned

After the Council of Europe last month, the International Labour Organisation (ILO) considers that the measures adopted by Greece under pressure from the Troika (European Commission (EC), European Central Bank (ECB) and International Monetary Fund (IMF)) erode workers’ most...

Belgium’s Greeks Protest Merkel and Austerity

A spontaneous protest was held on Oct. 9 in Brussels in front of the Greek embassy, against the visit to Athens of German Chancellor Angela Merkel. Left-wing activists, Members of the European Parliamen from the Greek Coalition of the Radical...

Nobel Prize Winning Economist Joseph Stiglitz: “Austerity Policy Is Ineffective”

  Nobel Prize Winning economist and Professor at Columbia University Joseph Stiglitz criticizes the anti-crisis policy of the European leaders, in an interview with the German newspaper Suddeutsche Zeitung. He points out that “an overdose of austerity makes everything worse,” while...

Greek Commissioner Defies EU Model of Austerity

Maria Damanaki, the commissioner for maritime affairs, publicly distanced herself from European Commission policies that she says could lead to "social degradation" and called for an "alternative economic policy agenda". In a prepared speech to a meeting of trade unionists...