Calamos Supports Greece

Eurozone

Research Shows Suicide Rate Spike Correlates With GDP Drop

University research, led by a Greek doctor showed that austerity is directly related to suicide attempts among Eurozone citizens. According to the research, conducted at the Universities of Portsmouth and Vienna, more and more men, originating from the “poorer”...

U.S. Treasury Secretary Stresses Importance of Greece's Debt Relief to FinMin Tsakalotos

U.S. Treasury Secretary Jack Lew reiterated the importance of Europe following through on its commitment to put Greece’s debt on a sustainable path through debt relief, in a meeting with Greek Finance Minister Euclid Tsakalotos. The U.S. official also said...

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...

French Finance Minister Emphasizes Greek Bailout Implementation Ahead of Eurogroup

French Finance Minister Michael Sapin expressed what many international officials have stated in the past with regards to the connection between the Greek debt and the Greek bailout. Prior to Monday's Eurogroup meeting, Sapin noted that Greece must proceed with implementing...

Greek Fin Min to Report to Eurozone Peers on Progress of Reforms

Finance Minister Euclid Tsakalotos is to report to Monday's Eurogroup on the progress of reforms required by Greece's third bailout program. Eurozone finance ministers will meet in Brussels to discuss the state of play of the cash-for-reforms program. The first...

Greece to Know Required Prior Actions for Bailout Funds on Friday

The list of prior actions related to the disbursement of the 2 billion euro tranche is expected to be determined on Friday, once determined, these actions will be presented to the Eurogroup, on October 5th. This information was received from...

Greek PM Tsipras Received Help from the US in Negotiations with Merkel

This Sunday’s Kathimerini newspaper revealed that Greek Prime Minister Alexis Tsipras had received help from the United States before starting the critical talks with German Chancellor Angela Merkel. According to the publication the ambassador of Greece in Washington sent a...

Stiglitz: 'Germany is Responsible for the Chaos in Greece'

Economy Nobel prize winner Joseph Stiglitz criticized once again the austerity policies imposed on Greece by Germany and the Eurozone, saying that "Germany is responsible for the chaos." In an interview with the German newspaper Tagesspiegel, Stiglitz estimated that Greece's...

Greek Industry Body Urges New Government to Push Ahead with Reforms

Reforms, a new industrial policy and a plan to fight corruption and tax evasion are the three main requests of the Hellenic Federation of Enterprises (SEV) for the new government. "The result of the elections reflects the will of the...

What the New Leader of Greece can Learn from Broadway Hip Hop Musical 'Hamilton'

*By William E Nelson What do the new Broadway hip-hop musical “Hamilton” and Greece’s debt crisis have in common? A great deal, actually. “Hamilton,” which opened on August 6th, celebrates the life and public career of one of America's greatest statesmen,...