Calamos Supports Greece

Eurogroup

Central Banker: Greek Deposits are Totally Safe

The Greek banking system and deposits are fully secured, Bank of Greece (BoG) governor Yannis Stournaras on Friday said after a meeting with Prime Minister Alexis Tsipras. Stournaras added that the prime minister and the economic staff assured him they...

Greek PM Briefed by Potami Leader Theodorakis on his Contacts in European Capitals

Greek Prime Minister Alexis Tsipras on Thursday met with opposition Potami leader Stavros Theodorakis who told reporters afterward that he briefed the prime minister on his visit to Brussels, Berlin and Rome. In the meeting, that lasted for more than...

Greece Looking at Eurogroup for Breath of Air

Greece is facing a serious liquidity problem since the European Central Bank refuses to include the country in the quantitative easing program or buy more treasury bills. Now Athens is looking at Mondays' Eurogroup for a breath of air. Greek...

ECB to Raise Emergency Funding for Greek Banks

The European Central Bank (ECB) greenlit funding for Greek banks amounting to 68.8 billion euros via the Emergency Liquidity Assistance (ELA) support mechanism. ECB's 25-member board of directors, which held a meeting in Nicosia, Cyprus, decided to increase Greece's funding...

Greek FinMin: There's an Alternative if Greece Doesn't Get Loan Tranche in March

There’s an alternative plan if Greece doesn’t receive its loan installment in March, Greece 's Finance Minister Yanis Varoufakis said on Wednesday during a speech at an event marking the 130-year anniversary of the Greek-French Chamber of Commerce and...

Greek Gov't Tries to Secure Liquidity Without Pension and Wage Cuts

The Greek government is trying to find ways to secure liquidity until June without pension and salary cuts or extra contributions to security funds. With Monday's Eurogroup approaching, Greece's partners increase pressure through the European Central Bank. The Greek government...

Chancellor Merkel: Greece Should Focus on Implementation of the Eurogroup Agreement

What comes first for Greece is the implementation of the Eurogroup agreement, German Chancellor Angela Merkel said during a joint press conference with European Commission President Jean-Claude Juncker on Wednesday after their meeting at the European Commission headquarters. On whether Germany is ready...

AFP Criticizes Greece for Not Respecting Diplomatic Protocol

French news agency AFP exercised harsh criticism on the new Greek government, saying it is not respecting the diplomatic rulebook of the negotiating table and its officials show blatant inexperience. From 40-year-old Prime Minister Alexis Tsipras downward, Greek officials have gone into...

European Commission President: Premature to Talk About Third Greek Bailout

His belief that the time is not yet right to discuss a possible third bailout package for Greece expressed European Commission President Jean-Claude Juncker today, highlighting that the focus of the talks between Athens and its European loan partners...

Deputy FinMin: Exceptional Measures for Outstanding Tax Debts

Deputy Minister of Finance Nadia Valavani announced on Wednesday that a new exceptional measure for the repayment of old tax debts in 100 installments will be added in the government’s draft bill on humanitarian aid that was tabled in...