Calamos Supports Greece

Greece

Eurozone Finance Ministers Far From Agreement on Fate of Greek Debt as Monday's Meeting Looms

On Sunday the AFP reported that the distance between eurozone finance ministers who are set to meet on Monday, December 5 to discuss the prospects of the third bailout for Greece as well as possible debt relief strategies are...

Eurozone Finance Ministers to Hold May 9 Meeting on Greece

The next meeting of Eurozone Finance Ministers to discuss Greece’s massive bailout will be held in Brussels on May 9, Athens said Thursday. "Eurogroup chief Jeroen Dijsselbloem has informed Greek Finance Minister Euclid Tsakalotos that the meeting will take place...

Schaeuble: 15 Eurozone Finance Ministers Backed Temporary Grexit

German Finance Minister Wolfgang Schaeuble made certain clarifications on his stance toward Greece during an interview with French newspaper Liberation, in Brussels. During negotiations for a third Greek bailout package in July, the German finance minister had proposed to the Greek government a...

EU Finance Ministers: There is No Other Plan But for Greece to Remain in the Eurozone

European Union and eurozone Finance Ministers meeting in Riga was concluded with the common position (regarding Greece) that there is no other plan but Greece to remain in the eurozone. "There is no plan B or C or D...

Eurozone Eyeing 'Credible' Greece Debt Relief, Says Centeno

Eurozone lenders will put together a debt-relief deal for Greece that will be credible to markets and involve a rescheduling of loans from the second Greek bailout, said Mario Centeno, chairman of the eurozone finance ministers' group, according to...

IMF, Eurozone Seek Last-Minute Deal on Greek Debt

Greece's eurozone creditors and the International Monetary Fund are trying to find a last-minute solution to the country's debt mountain so that the IMF contributes financially to the third bailout program. The Greek rescue program ends on Aug. 20 and...

Handelsblatt: IMF's Lagarde Offers Eurozone Greek Debt Compromise

A new offer by International Monetary Fund Managing Director Christine Lagarde may get Greece's creditors out of the impasse they are in which will allow for the euro zone to release a tranche of aid, says a Reuters report. Lagarde's...

'Strong Push' for Comprehensive Deal by May 22 From G7, Say Eurozone Sources

Discussions on Greece on the sidelines of a G7 finance ministers' meeting and central bankers in the Italian city of Bari on Friday concluded with a decision to give a “strong push” for a comprehensive agreement by May 22,...

EU’s Juncker: Eurozone Lenders and Greece Should Achieve Technical Deal by April 7

European Commission President Jean-Claude Juncker said on Friday that eurozone lenders and Greece should reach a technical deal before a meeting of eurozone finance ministers on April 7, as reported by Reuters. The IMF is pushing Greece on the contentious...

Greece Among Top 3 Big Spenders of the Eurozone

Greece's state expenditure is 55 percent of the country's GDP, one of the biggest spenders of the Eurozone despite austerity. The only other two countries with higher government expenditure are France and Finland. The revelation is based on a...

Eurogroup Backstage Drama: IMF's Disagreement Concerns EZ Finance Ministers

The Eurogroup meeting kept Eurozone finance ministers up until late in another sleepless night on Tuesday, May 24. A deal on Greece was finally reached at dawn the next day. This time, however, the delays were not high-stakes calls...

Greek Finance Minister Meeting with European Ministers Ahead of Bailout Review

Greek Finance Minister Euclid Tsakalotos continued a round of meetings with other Eurozone finance ministers over the weekend, meeting his Portuguese counterpart on Saturday and traveling to Paris for talks with French Finance Minister Michel Sapin on Sunday afternoon. During...

German Finance Minister Warns Tsipras on Criticism of IMF

German Finance Minister Wolfgang Schaeuble responded to Greek Prime Minister Alexis Tsipras's critical comments of the International Monetary Fund's future role in the Greek bailout. Schaeuble appeared to be dismissive of Tsipras's comments on the IMF's participation in the program, noting that it...

Eurozone Οfficials Οptimistic Οver Νegotiations Βetween Greece and Ιnstitutions

A positive climate prevails among senior officials of the euro zone over the negotiations taking place in Athens with the view to reaching an agreement between institutions and Greek authorities. Eurogroup president Jeroen Dijsselbloem welcomed the "good progress" achieved in...

Eurozone to Cap Greek Debt Servicing at 15 pct of GDP

Eurozone governments agree that debt relief for Greece should be accomplished by capping its debt servicing costs at 15 percent of gross domestic product, Reuters says. Eurozone President Jeroen Dijsselbloem, said on Thursday that debt easing can be discussed only after...