Calamos Supports Greece

Greek debt

Reuters: No More Troika in Greece

According to an exclusive Reuters report, Brussels is considering stopping Troika’s operations in overseeing the economic reforms in Greece in order to aid Athens in executing its plans to strengthen the country’s economy in exchange for the gradual reduction...

Greece May Need an Additional Memorandum

According to the Parliamentary Budget Office, one of the most predominant future scenarios is that Greece will be granted a new loan by the European Support Mechanism (ESM), accompanied by another memorandum in order to finance the Greek economy during...

Greece's Public Debt Stands at 174.1% of GDP

In its latest report, the EU statistical office Eurostat said that the Greek public debt decreased by 1% compared to the 4th quarter of 2013, but it was up 13.5% compared to the 1st quarter of 2013. Eurostat reported that from the total 174.1% of GDP,...

How To Solve The Greek Public Debt Problem

*By Dr. Nicholas Economides - Through targeted investments, Greece will increase GDP and tax revenue as well as reduce unemployment and the debt/GDP ratio.

Canadian DBRS Upgrades Greece's Credit Rating to "B"

The Canadian credit rating agency DBRS upgraded Greece's long-term credit rating to "B" from "CCC," while also upgrading the country's rating outlook to "stable" from "negative". According to a DBRS announcement, the upgrade comes as a result of Greece no...

Eurogroup: Greek Debt Relief Under Three Conditions

Lowering the Greek debt may begin only if three conditions are met first, stated Eurogroup president Jeroen Dijsselbloem at the end of yesterday's meeting in Luxembourg. The three conditions include completing the prior actions, achieving a primary surplus and assessing...

Tsipras to Le Monde: 'The Greek Debt is Not Viable'

Radical Left Coalition (SYRIZA) leader Alexis Tsipras indicated in an interview to the newspaper Le Monde, that Europe needs to restructure the Greek debt which is unsustainable and threatens the stability of Europe. “Greece has a need for a new...

Greek Sovereign Debt Rating to be Upgraded by Fitch

Greece ’s credit rating will be increased one level by Fitch Ratings, which cited an improving economic and fiscal outlook for the country that sparked Europe’s sovereign debt crisis. Greece’s long-term debt will be raised to B, five levels below...

IMF Talks Greek Debt Relief But Fears for Political Stability

IMF spokesman Gerry Rice said Thursday that Greek debt is “high” and added that the European partners of Greece have agreed to debt relief. At a scheduled weekly press conference, Rice expressed his concern about the possibility of political instability in Greece...

OECD Estimates Greek Economy Will Improve

The Greek economy has begun to recover due to increased tourism and improved confidence, according to the bi-annual Economic Outlook report of the OECD. The economic growth rate will gradually become positive during 2014, says the report, and it is expected to rise...