Calamos Supports Greece

Eurozone

Samaras Expects Better Rates Before Future Bond Issuance

Greece is in no rush to jump back into the markets fully despite the recent sale of a 3-billion-euro five-year bond, Prime Minister Antonis Samaras said, adding that he expects eventual future issues to yield lower interest rates than the 4.95...

Samaras Plans Post-Easter Election Campaign

Prime Minister Antonis Samaras, whose conservative New Democracy party faces a tough test in next month's municipal and European Parliament elections, is readying an after-Easter campaign that will emphasize recent good economic news as well as upheaval in the main opposition camp,...

Samaras' Pre-Election Pitch: Stability

With his party locked in a dogfight ahead of next month's critical elections for the European Parliament and Greek municipalities, Prime Minister Antonis Samaras is wooing voters with money and trying to convince them to keep stability in the...

Greek Loans May Get 30-50 Years Payback

Despite a primary surplus and a tepid return to the bond markets, Greece's debt is still so unsustainable that European Union officials are reportedly preparing to extend repayments on 240 billion euros in two bailouts as much as 30...

Greek Real Estate Market Still on Downward Slope

The Greek real estate market is still on a downward slope due to the lack of demand, the decline in people’s revenues and the overbearing tax burdens. In particular, Eurostat reveals that the Greek real estate market experienced the second-biggest...

Provopoulos Repeats Greek Recovery Coming

Bank of Greece chief George Provopoulos, who has predicted an economic recovery for the past few years, now says it looks like it's really going to happen and he'd like to keep his job for a second term. "The prospect...

First Greek Bond In Four Years Brings 4.75% Rate

Greece's first cautious return to bond markets has come with a 3 billion euro ($4.15 billion) five-year instrument that has brought a yield of 4.75 percent, far below what had been paid during the height of a crushing economic...

SZ: Greek Bond Issue Not Cause for Celebration

German newspaper Süddeutsche Zeitung said Wednesday that Greece has returned to the bond market under false pretences that shouldn’t be celebrated. “Greece is seeing its return to the markets as the country’s return to normalcy. But the situation is a little...

Unemployment in Greece Still Highest in EU

Despite a slight drop in unemployment in December in Greece, the proportion of young people and females without work remains the highest in the European Union, data provided by Eurostat has revealed. Unemployment in Greece rose to 27.5%, compared to 27.6%...

EU Wary of Greek Hopes To Avoid Third Bailout

Fresh on the heels of the news that international lenders would release a long-delayed installment of 8.3 billion euros in three installments, the government said it won't need a third rescue package and hopes to return to the markets,...