Calamos Supports Greece

Giorgos Stathakis

Troika Meets with Greece's Finance and Economy Ministers on Friday to Continue Bailout Talks

The representatives of Greece's creditors will meet at 10:00 am on Friday with Finance Minister Euclid Tsakalotos and Economy Minister Giorgos Stathakis to continue negotiations over the country's third bailout program. The four representatives - Declan Costello from the European...

Greek Govt to Ease Capital Controls on Businesses

In a meeting on Friday, the Bank of Greece (BoG) along with Greek government representatives agreed to give businesses a breath of air. Many imports to Greece have been held up as Greek businesses have been unable to pay them due...

Greek Govt Sources: Tsipras Will Not Step Down

These have been a tough two days for Greece's SYRIZA party and the Tsipras administration. At least 30 SYRIZA lawmakers have stated their intent to turn down the deal Greek Prime Minister Alexis Tsipras made with international creditors on Monday morning. Though the package...

Greek Economy Minister: Banks Will Not Open This Week – Deposits Will Not Be Slashed

During an interview with Bloomberg on Tuesday, Greek Minister of Economy, Shipping and Tourism Giorgos Stathakis said that banks will reopen when the European Central Bank (ECB) raises the Emergency Liquidity Assistance (ELA) to Greece, so after the various Eurozone parliaments vote...

40,000 Greek Workers Fired or Suspended

The imposition of capital controls delivered the last blow to the public construction projects, leading to many cancellations, even in sites that operated normally until yesterday. The main reason behind the cancellations is that there is no way for...

Most Likely Greece's Next Finance Minister

After Yanis Varoufakis' resignation, Greek negotiations team member Euclid Tsakalotos is the most likely person rumored to become Greece's next Greek finance minister. According to Greek government sources Tsakalotos is expected to take over today after an emergency Greek party leaders...

What Would Happen if Greece Defaults on its Payment to the IMF

Minister of Economy, Infrastructure, Shipping and Tourism Giorgos Stathakis said on CNN and The Financial Times that Greece will not make the repayment due to the International Monetary Fund on June 30 (today). The default will put Greece on a...

Greek Economy Min: We Achieved the Most Balanced Agreement Provided the Circumstances

We achieved the most balanced agreement taken into account the circumstances," Greek Economy Minister Giorgos Stathakis on Wednesday said in statements to Mega TV. The Minister described the measures "balanced" because as he said "lenders initially demanded direct pensions and...

Greek Economy Minister: Agreement Within the Next Days

"Deal exists," stated Greek Economy Minister Giorgos Stathakis in an interview to Italian newspaper Corriere della Sera, clarifying that he foresees that "the deal will close within a few days" and a "Eurogroup to approve financing will follow." Answering a...

SYRIZA Members Leak Scenarios of Snap Elections in June

SYRIZA cabinet members have leaked scenarios of snap elections or referendum if Greece does not come up with an agreement with creditors until June, when the bailout extension expires. Sources close to Prime Minister Alexis Tsipras said that this is not...