Calamos Supports Greece

Greek bailout

Pimco: Chances of a Grexit Stand at 30%

The chances of Greece ending up outside the single European currency due to an accident (Graccident) stand at 30% and if it does then that might make Italian and Spanish debt a good buy, according to the world's biggest bond...

German Chancellor Merkel Pushes for Reforms, Greece Has Done Its Part, PM Tsipras Says

Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel held a meeting earlier today on the sidelines of the European Union summit on migration policy. According to the first reports emerging from the two leaders' meeting, Merkel pushed Athens to...

Greek Govt Vice President: We Will Not Cross Our Red Lines in Negotiations

The Greek government's intention not to cross the red lines it has set in regards to the ongoing negotiations with the country's partners expressed, yet again, yesterday government Vice President Giannis Dragasakis. In an interview to Greek newspaper "To Vima," published...

Neighboring Countries Put Greek Bank Subsidiaries in Quarantine

Neighboring countries put Greek bank subsidiaries in quarantine in fear of contagion should there be an economic "accident" in Greece, a "Kathimerini" report said. The central banks of Albania, Bulgaria, Cyprus, Romania, Serbia, Turkey and FYROM have all forced the subsidiaries...

Eurozone Officials: Greece's Representative Acting Like a Taxi Driver in Negotiations

European officials appear to be losing their temper with Greece's leftist government, causing some of them to proceed to some -at least- scornful comments for the Greek officials participating in the ongoing negotiations regarding the country's bailout program. According to...

Jubilee Debt Says IMF Profited 2.5 Bln Euros from Greek Bailout

The International Monetary Fund (IMF) has already made 2.5 billion euros in profit out of its loans to Greece since 2010, according to figures released on Wednesday by the UK-based non-governmental organization Jubilee Debt Campaign. In an announcement ahead of...

Greece's Parliament Releases Videos on Greek Debt Saying 'Check it, Erase it'

After forming a 'truth' committee to investigate Greece's bailout agreements with its lenders and perform a public debt audit, parliament head Zoi Konstantopoulou released two videos saying 'Check it, Erase it,' referring to the country's accumulated debt. Zoi Konstantopoulou, the...

Forbes: Greece Should Beware Russians Bearing Gifts

The Greek expectations from Prime Minister Alexis Tsipras' upcoming visit to Moscow have become the center of international media, while European officials, such as the European Parliament President Martin Schulz, have warned Athens to be cautious towards Russia and...

What Happens If Greece Fails to Repay Its IMF Loans Due April 9?

Greece is only four days ahead of another crucial deadline as on Thursday it has to repay some 450 million euros to the International Monetary Fund (IMF), among the three institutions participating in its bailout program. At the same...

Greece and Creditors Still Far Apart from Deal

Greece's international creditors spent the weekend studying the list of reforms the Greek government presented on Friday and sources from Brussels say that it may take one or two weeks before a final decision is made whether further financial...