Calamos Supports Greece

Eurozone

Paul Mason: Greece 'a Laboratory of a New Kind of Europe'

Paul Mason, an economic editor for British broadcaster Channel 4 News and author of several books, among them “PostCapitalism- A guide to our Future,” talked to the ANA-MPA about the economic situation in Europe, the debt crisis and the...

Eurostat: Greek Employment Rises

Employment growth in Eurozone accelerated marginally for the second straight quarter in the three months ended June, figures from Eurostat showed Tuesday. Employment rose a seasonally adjusted 0.3 percent in the second quarter, following a 0.2 percent climb in the...

German Finance Minister Believes Greeks Must Make A Choice

German Finance Minister Wolfgang Schaeuble addressed Greece's future, during an interview with German Frankfurter Allgemeine. "Greek society must answer the question of whether it prefers to proceed with this adjustment process as a member of a monetary union, in which the option of an external devaluation...

Greek Unemployment Increases to 25.2% in June

Greek unemployment rate showed a slight increase in June 2015, rising to 25.2% from 25% in May, noted the Hellenic Statistical Authority (ELSTAT). The rate was at the lowest seasonal percentage since June 2012, when it stood at 24.9%, based...

Varoufakis: Tsipras was Disappointed by Referendum 'No' and Surrendered

Former finance minister Yanis Varoufakis said that Alexis Tsipras was disappointed by the "no" in the July referendum and decided to surrender. Varoufakis spoke on new Deutsche Welle television show Conflict Zone on Wednesday, a few days before Greek elections....

Greek Bailout Program to Be Evaluated in October According to Eurozone Official

The procedures for the first evaluation of the new bailout programme will start in October, a senior Eurozone official said on Wednesday. Apart from the technical issues of the evaluation, issues of political interest such as the IMF's role,...

European Commission Chief Warns: Greece Must Respect Bailout Agreement

European Commission President Jean-Claude Juncker warned that the new Greek government that will emerge from the September 20 elections must respect the bailout agreement. Juncker told the European Parliament on Wednesday that Greece's place in the Eurozone will not be...

Greece's GDP Up by 1.6% in Q2

The Greek economy grew by 0.9% in the second quarter of 2015 compared with the first quarter and by 1.6% compared with the second quarter last year, Eurostat said on Tuesday. In a report released here, the EU executive's statistics...

New Democracy Leader: 'Tsipras Is Europe's Pampered Kid'

Greek main opposition leader Evangelos Meimarakis said he is open to the idea of forming a coalition government with Alexis Tsipras’ party, SYRIZA, in order to help keep the country within the Eurozone. “I believe in consensus and cooperation,”...

Greek President at 80th TIF: 'The Eurozone Is the Only Path for Greece'

Greece and its people cannot survive outside the European Union, the country’s President Prokopis Pavlopoulos said in a speech to inaugurate the 80th Thessaloniki International Fair on Friday evening. “Greece and our people cannot survive in terms of a stable...