Calamos Supports Greece

Greek debt

EU Finance Commissioner: Two Conditions for Greek Debt Relief

Creditors will ease the Greek debt under the conditions that there won't be a nominal debt haircut and Greece complies to agreed reforms, said European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Mosovici. Speaking on French public...

Commission VP Dombrovskis: We didn't Ask Greek Govt to Raise Taxes

Athens has ignored the European Commission's advice that spending cuts would do less damage to Greece's potential for growth than raising taxes, said European Commission Vice President Valdis Dombrovskis. The Commission VP spoke to Kathimerini newspaper stating that creditors have...

U.S. Treasury Under Secretary Calls for Greek Debt Relief

The Greek debt must be restructured without a delay, said U.S. Under Secretary of the Treasury for International Affairs Nathan Sheets, during meeting with Greek State Minister Nikos Pappas. The U.S. official had a meeting with Greek State Minister Nikos Pappas...

Greek PM: Despite Difficulties, the Left is Creating the Conditions to Exit the Crisis

The positive outcome of Greece’s negotiations with its lenders and the expected positive development in debt relief will mark the entry to a new era for the economy, Greek Prime Minister Alexis Tsipras said on Friday during a meeting...

German Fin Min Says 'No' to Greek Debt Relief Before 2018

German Finance Minister Wolfgang Schaeuble is against the European Stability Mechanism proposal for offering debt relief to Greece at the present time, according to German magazine Der Spiegel. Specifically Schaeuble opposes the ESM proposal for debt easing through long-term guarantees...

U.S. Treasurer Jack Lew Repeats Calls for Greek Debt Relief

U.S. Treasury Secretary Jack Lew reiterated the position of the United States on easing the Greek debt burden on Friday, a week before the G7 meeting at Sendai, northeast of Tokyo, Japan, on May 18-20. Lew maintained that demands of...

Greece's Creditors Disagree Over Ways to Ease Debt

The possibility of creditors reaching an agreement on easing the Greek debt before the May 24 Eurogroup is removed, according to a source close to the Euro Working Group talks. Several member states expressed serious doubts over the debt easing...

EWG Set for Staff Level Agreement on Greece

A meeting of the Euro Working Group (EWG) is taking place at this time in Brussels and is focused on reaching a staff level agreement on the completion of the program for Greece. The EWG meeting is believed to...

Eurogroup Chief: Greeks Have a Lot of Hidden Wealth

"The saddest thing about Greece is that it has a lot of wealth, but it is hidden, or transferred to London," said Eurogroup President Jeroen Dijsselbloem on Wednesday. The Dutch finance minister spoke at the Oxford Union, the debate forum...

Greek Debt Heads to G7 Summit in Tokyo

Greek debt talks are due to take place at the Group of Seven (G7) summit of finance ministers at Tokyo, Japan, from May 18-20. The summit, ahead of the crucial Eurogroup meeting of Eurozone ministers on May 24, will...