Calamos Supports Greece

Eurozone

G20 to Examine Possibility of Debt Relief for Greece

The finance ministers and central bankers of the G20 are planning to request Eurozone member states to consider a significant reduction of the Greek public debt, provided that Greece fulfills its commitments to creditors. Ahead of the G20 meeting in...

German Chancellor Merkel: 'No Room for Lowering Greece's Interest Rates'

German Chancellor Angela Merkel noted on Monday during a news conference in Berlin that it would not be possible to lower the interest rates for Greece. "I think when it comes to interest rates, we have no room for manoeuvre...

'Grexit' Included in Oxford Dictionary Online Version

Greece may not have exited the Eurozone, however, the term Grexit, established only a few years ago, has made it into the online Oxford dictionary, along with Brexit (UK’s exit from the European Union) and other English neologisms. These words...

New Study Forecasts Increase in Greek Insolvencies in 2015 and 2016

Atradius, a trade credit insurance company, released an insolvency forecast report for 22 advanced economies on Thursday. Among the reports findings is the Eurozone's persistently high insolvency rates. “Despite the modest improvement, insolvency levels in the eurozone are still 75% higher...

Varoufakis: 'If I’m Convicted of High Treason, it would be Interesting'

"If I’m prosecuted and convicted of high treason, it would be interesting. For what? Saying no to an agreement that the troika itself considers to be unsustainable?" said Yanis Varoufakis. Greece's former finance minister gave an interview to The Guardian...

More Uncertainty as Greece Faces New Vote

Europeans have offered a mixed reaction to Greek Prime Minister Alexis Tsipras' resignation and call for new elections. Some analysts and politicians are cautiously upbeat, but many investors are wary about the possible fallout. After weeks of turmoil, Greeks awoke...

German Party Die Linke: 'SYRIZA Cannot Govern Under Blackmailing Demands'

German party Die Linke on Friday expressed its support for outgoing Prime Minister Alexis Tsipras, saying that his decision to resign and call elections despite his wide popularity shows how deeply foreign lenders are affecting Greece’s national sovereignty. “Alexis Tsipras...

Varoufakis: I Will Not Be on the SYRIZA Ballot

Greece's former Finance Minister Yanis Varoufakis said he will not be on the SYRIZA ballot in the upcoming elections because "we betrayed the majority of the Greek people." Varoufakis gave an interview to French magazine Nouvel Observateur saying that "he will...

Eurozone President Believes IMF Will Participate in Greece's Bailout

Eurogroup President and Dutch Finance Minister Jeroen Dijsselbloem said on Wednesday he believes that Eurozone countries and the International Monetary Fund (IMF) will finally come to an agreement for its participation in Greece's third bailout program. The IMF is reluctant to participate in...

ESM Loan to Greece Officially Approved

The European Stability Mechanism (ESM) 86-billion-euro loan to Greece was approved during a teleconference on Wednesday evening. The decision came after the Eurogroup approved the third Greek bailout package last Friday and the Eurozone countries officially ratified the bailout this week, with...