Calamos Supports Greece

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Mission (Almost) Impossible: Getting a Loan from a Greek Bank

Liquidity in the Greek economy has reached new lows as banks are unable to reduce bad loans that have reached 105 billion euros. According to the Bank of Greece, bank lending in the first months of the year has fallen...

Greek Banking System Credit Contracts 1.4% y/y in January

Total credit in Greece's banking system contracted 1.4 percent year-on-year in January after shrinking by 1.0 percent in the previous month, Bank of Greece data showed on Wednesday. According to the country's central bank, credit extended to the government rose...

'Restricted Default' for Greek Banks: Fitch Ratings

Fitch Ratings downgraded Greek banks to "restricted default" Monday, a day after the Greek government imposed capital controls that include limits on deposit withdrawals and closed Greek banks for a week. Here's the full release by Fitch Ratings: Fitch Ratings-Barcelona/London-29 June...