Calamos Supports Greece

Greek debt

Govt Spokesman: IMF Report on Greek Debt Vindicates the Government

The IMF’s debt sustainability report fully vindicates the position of the Greek government, spokesman Gavriil Sakellaridis said on Thursday, following the publication of the Fund’s preliminary report which said Greek debt is not sustainable and needs substantial debt relief. He...

Greece: When Is It Time to Forgive Debt?

By Jagjit Chadha, University of Kent Greek citizens preparing to vote in a referendum have been implored by their coalition government to reject a deal with the country’s creditors which, in actual fact, might have worked to keep the country afloat...

'To Potami' Leader Calls For Big National Consensus in Greece

"I recommended another government that will come from this parliament and which, very soon, will bring an agreement and the banks will open," stated 'To Potami' leader Stavros Theodorakis on Thursday to Greek radio. Theodorakis proposed the formation of a...

IMF: Greek Debt Is Unsustainable

Two days after Greece failed to pay 1.53 billion euros in debt to the International Monetary Fund (IMF), the Fund released a report that is in line with the Greek government's assertions. The document entitled “Greek Preliminary Draft Debt Sustainability Analysis” finds that...

Australia May Face Problems Due to Greek Economic Fallout

The Australian Associated Press spoke with senior academic Professor Bruce Wilson, director of the European Union Centre at RMIT University in Melbourne, who believes that Australia will not remain unaffected by the Greek economic fallout. “We are not cushioned from it...

Greek PM: 'Govt Will Fulfill Obligations Toward Armed Forces'

Greek Prime Minister Alexis Tsipras reassured on Thursday that the state will meet its obligations toward the Armed Forces after his meeting with Defense Minister and Independent Greeks (ANEL) leader Panos Kammenos. "We will do everything in our power not to accept...

Fin Min Varoufakis: "I Will Resign if Greeks Vote 'Yes' to Agreement"

Greek Finance Minister Yanis Varoufakis said that he will resign if there is a "yes" vote in Sunday's referendum over creditors' proposals to Greece. Varoufakis spoke on Bloomberg television and when asked if he will remain Greece's finance minister in...

Pope Francis Worries About Social Justice During Greek Crisis

Pope Francis expressed concern over the Greek crisis on Wednesday, especially its social implications and the impact on Greek families, urging European leaders to make "responsible decisions" in a statement released by Vatican press spokesman Federico Lombardi. "The dignity of the...

Official Document Part of the Referendum Question Mistranslated

Through an article entitled “Key Greek Referendum Debt Document Mistranslated” Bloomberg points out an important mistake that was made in the Greek translation of one of the two documents that Greeks are asked to approve or reject through the...

Eurogroup: Greek Program Extension and Debt Restructuring Rejected

  Tuesday evening’s urgent Eurogroup teleconference resulted in the arrangement of another conference for Wednesday, July 1, at 11.30 am Central European Time. The meeting was scheduled after the Greek government submitted a request to the European Stability Mechanism for a two-year...