Calamos Supports Greece

Europe

With 2,000 Thefts, the British Museum Faces a Historic Crisis

Since mid-August, the British Museum has been mired in a controversy over the theft of about 2,000 objects from its collections. The theft is suspected to be an inside job that took place over a period of twenty years....

Credit Suisse Borrows $54bn from Central Bank as Fears of Global Crisis Grow

Banking giant Credit Suisse secured a deal on Wednesday to borrow up to $54bn from the Swiss Central Bank to shore up its finances as authorities try to avert a global financial meltdown. Shares in Credit Suisse fell 24 percent...

Energy Crisis Looms as Russia Halts Gas Supply to Europe

Russia's state-owned energy firm Gazprom halted gas supplies via the Nord Stream 1 pipeline to Western Europe on Wednesday for three days, the company said. The energy giant said that due to maintenance on Nord Stream 1, there would be...

EU Energy Crisis: Greece Outlines Six-Point Plan

Greece's Prime Minister Kyriakos Mitsotakis outlined a six-point plan to deal with Europe's energy crisis earlier this week. In a letter addressed to EU officials, the Greek leader calls for the EU to deal with the economic repercussions of soaring...

Turkey Bars Warships From Black Sea Straits Amid Russia-Ukraine Crisis

Turkey barred warships from passing through key straits in the Black Sea in a bid to de-escalate the Russia-Ukraine crisis on Monday. The move came after Ukraine asked Turkey to activate a 90-year-old international pact that can be used to...

Ukrainian Plane Shot Down, Five Killed as Crisis Deepens

Five people were killed when a Ukraine military plane was shot down on Thursday, Reuters reports. Ukrainian armed forces have sought to defend against a massive Russian military operation, as Russia de facto declared war on the country and...

Ukraine Crisis: Biden Responds to Russia by Imposing Sanctions

United States President Joe Biden responded to Russian President Vladimir Putin on Monday after the latter declared he is recognizing the independence of two regions in Ukraine. Putin will likely use this recognition as a reason to invade Ukraine. Biden...

Putin Recognizes Breakaway Regions of Ukraine, Deepening Crisis

President Vladimir Putin announced on Monday that Russia would recognize two breakaway regions in eastern Ukraine as independent. Russian-backed separatists have been battling Ukrainian government forces in the Donbas region since 2014, in a conflict that Kyiv says has cost...

Ukraine Crisis: The Critical Role of US Bases in Greece

US military bases in Greece, and in particular the naval base at Souda, Crete are of critical importance for intelligence gathering as tensions escalate over Ukraine notes John Sitilides, a government affairs and geopolitical risk specialist in an exclusive...

Patriarch Bartholomew Warns Ukraine Crisis Could Escalate into Third World War

Ecumenical Patriarch Bartholomew warned on Sunday that the crisis in Ukraine could escalate into a third world war. During his sermon after the Sunday service at the Ecumenical Patriarchate in Fanar, Istanbul he stressed that weapons were not the solution...

Crisis in Turkey Forces Vendors to Sell the Delicacy Koulouri Cut in Half

The economic crisis and spiraling price rises in Turkey have forced street vendors to sell their iconic bread koulouri, or as Turks call it “simit”, cut in half. Turkish citizens are having increasing difficulties coping with the rising prices of...

Could EU Energy Price Hikes Lead to a Global Energy Crisis?

Gas and other energy prices have spiked in Greece, Europe and globally in the past two weeks. Experts have been researching whether this could lead to a new global energy crisis, like the one in the 1970s. Analysts believe gas...

Greta Thunberg’s “Blah, Blah, Blah” Speech On Climate Crisis Hits a Nerve

Greta Thunberg's famous blah, blah, blah speech on the governments' inaction on the climate crisis brought a response on Thursday by Italy's PM Mario Draghi. Draghi met with climate activists Greta Thunberg, Vanessa Nakate and Martina Comparelli in Milan, during...

U.K. Government in Crisis Over Brexit; Four Ministers Resign

The United Kingdom's Brexit Secretary, Dominic Raab, and the Secretary of State for Work and Pensions, Esther McVey, have resigned along with two junior ministers over the draft European Union (EU) withdrawal agreement. The move comes as a huge blow...

Pope Francis Says Greece ‘Extremely Generous’ on Migrant Crisis

Pope Francis has congratulated Italy and Greece for their efforts in dealing with the migrant crisis that is sweeping Europe. “We have a wave of refugees fleeing wars and hunger, war and hunger in so many countries of Africa, wars...