Calamos Supports Greece

Greek debt

British Chancellor of the Exchequer: Greece-Eurozone Clash a Threat for Global Economy

British Chancellor of the Exchequer and Second Lord of the Treasury George Osborne, in a London meeting with Greek Finance Minister Giannis Varoufakis earlier today, underlined that a potential clash between the Greek government and the Eurozone poses a...

Australians Predict Agreement Between Greece and EU

After week-long coverage of Greece’s political and financial situation in the post-election era, Australian media is estimating that Greece will eventually come to an agreement with the European Union. The Weekend Australian published an article by Henry Ergas where the...

U.S. President Obama in Support of Greece, Suggests No More Austerity [Video]

In an interview with the American TV Network CNN earlier today, U.S. President, Barack Obama, underlined that austerity can no longer be imposed on people. In what is seen as a powerful appeal to European leaders and in direct support of...

Chinese Colossal Construction Company CPCG Eyes Greece

Chinese construction magnate, Yan Jiehe, is turning his gaze toward the Greek market -- characterized by many as risky due to the latest stormy political and economic developments -- saying that he is on the hunt for investment opportunities...

Greek FinMin to Meet With French Counterpart on Sunday

Greek Finance Minister Giannis Varoufakis on Sunday will meet with his French counterpart Michel Sapin in Paris at 6:00 pm (Athens time). The two top officials will hold a joint press conference at 7:30 pm, according to Reuters. "The country wants...

Merkel: No Debt Reduction for Greece

German Chancellor Angela Merkel said Saturday there should be no debt relief for Athens, adding to tensions between the new anti-austerity Greek government and its international creditors. "There has already been voluntary debt forgiveness by private creditors, banks have...

Erdogan Says Tsipras Should be More Cautious

Turkish President Recep Tayyip Erdogan said that Alexis Tsipras should be more cautious in the messages he gives, in reference to the Greek PM's pledge to cut the country's debt. He underlined that politics should not be affected by emotions and it...

Germany Calls the Suggestion of Greek Debt Cut 'Divorced from Reality'

Germany has rejected any suggestion that Greece should be forgiven part or all of the debt to international lenders. A spokesman for Germany's finance ministry told reporters on Friday that "the discussion about a debt cut or a debt conference...

New Greek FinMin Varoufakis: Growth Doesn't Mean Porsche Cayennes

A chance to preface the policy he intents to apply as Greece's new Finance Minister had earlier today Giannis Varoufakis in the ceremony assuming his duties. While in the Greek government's financial headquarters, Varoufakis exchanged opinions with his predecessor, Gikas...

Former IMF Official: Greek Debt Must be Cut by 50%

Former International Monetary Fund (IMF) European Department Director until 2014 and supervisor of Poul Thomsen, Reza Moghadam, requested the write-off of half of Greece's debt. In a letter to The Financial Times on January 26, the current Vice Chairman...