Calamos Supports Greece

Eurozone

Greek Finance Ministry: There is no Fiscal Gap

The government considers that, since the past estimates have been proven true, there will not be a fiscal gap and this is the most serious disagreement with the troika, Greece 's Finance Ministry sources said on Tuesday referring to...

Tsipras: Greece Will Remain in Eurozone, Bank Deposits Safe if SYRIZA Wins

Greece will remain in the Eurozone, bank deposits are safe, negotiations with the troika will be based on the SYRIZA economic plan, were the key points opposition leader Alexis Tsipras announced during a lengthy television interview on Monday night. Speaking...

PM Samaras on Greece's 'New Era of Opportunity'

The progress made on the Greek economy over the last two years, as well as the many opportunities now offered to investors, emphasized Greek Prime Minister Antonis Samaras in a message he sent via webcast at the 16th annual Capital...

Central Bank of Cyprus Governor: Cyprus Will Return to Growth in 2015

Cyprus is expected to return to growth in 2015, while the capital control imposed by the bailout program signed in 2013 can soon be dismantled, Central Bank of Cyprus Governor Chrystalla Georghadji said before the parliament's financial affairs committee...

Eurostat: Eurozone Unemployment Stable at 11.5%

The Eurozone seasonally-adjusted unemployment rate was 11.5% in October 2014, stable compared to September 2014, but down from 11.9% in October 2013. The EU 28 unemployment rate was 10.0% in October 2014, also stable compared with September 2014 and down...

Greek Debt Is Viable and May Not Need Fresh Haircut

Reuters, citing European officials, claimed that the Greek debt may not need a fresh haircut since it is viable. According to the news agency, "the euro zone is reconsidering whether Greece needs the additional debt relief it has been hoping...

EU Commission President Juncker: We Didn't Accept Greece in the Eurozone Prematurely

The President of the European Commission, Jean-Claude Juncker, surprised the audience during a recent presentation of former German Chancellor Helmut Kohl's new book, entitled "Aus Sorge Um Europa," in Frankfurt, when he defended Greece's accession to the Eurozone back...

Eurostat: Unemployment in Greece at 26.4% in July

Greece tops the “black list” of European unemployment once again, according to seasonally adjusted figures released on October 31 by EU statistics office, Eurostat. Unemployment rates across the 28 member states was 10.1% in September 2014, while the highest rates...

German FinMin: No Bilateral Agreement on Further Support to Greece

Greece and Germany have not concluded to any new bilateral agreement on further support to Greece after the recent meeting of the Greek Finance Minister, Gikas Hardouvelis, with his German counterpart Wolfgang Schaeuble on Wednesday, clarified the Ministry of...

Parliamentary Budget Office Says 'No Growth Plan After Bailout'

The Parliamentary Budget Office issued a warning on Wednesday evening that there is no growth plan for the period after the bailout program ends, according to Kathimerini daily. “The possibility of national elections on the pretext of the presidential election...