Calamos Supports Greece

Grexit

Dijsselbloem: 'No Problem if Greece Wants to Leave the Euro'

The technical discussions that began in Brussels on Wednesday were accompanied by a barrage of negative comments and reports for the Greek government. Both sides want to come to an agreement on the reforms, however it has become evident...

Harvard Business Review: Greece and Cyprus Better Off Without the Euro

Greece and Cyprus might be better off out of the European common currency bloc, a Harvard Business Review report said. According to the writer, Loizos Heracleous, long-term relief for the troubled Greek economy is very unlikely, if the current situation...

Report that European Parliament Prepared Grexit Plan Shocks Athens

A recent report from Europolitics, a Brussels-based European affairs daily publication, regarding an alleged European Parliament plan over a possible Grexit, which was later annulled by European Parliament President Martin Schulz, caused Greece's firm reaction. SYRIZA MEP Dimitris Papadimoulis characterized the revelation as...

S&P: Foreign Banks Wouldn't be Much Affected by a Grexit

A potential Grexit probably wouldn’t be a major deal for foreign banks, ratings agency Standard & Poor’s said on Tuesday, adding that it doesn't plan to downgrade their ratings. "Given the relatively limited scale of banks’ exposures to Greece, we do not...

German Chancellor Will Not Rule Out Grexit Scenario

Keeping Greece in the Eurozone is the European leaders’ political objective at the moment, stated German chancellor, Angela Merkel during an interview in Japan on Monday. A few hours before the Eurogroup meeting about Greece in Brussels Angela Merkel said...

Survey: Greeks Favor 'Honest Compromise,' Afraid of Bankruptcy

A survey by Marc on behalf of 'Efimerida ton Syntakton' newspaper has shown that Greeks favor an “honest compromise,” but are uncertain about the possibility of a bankruptcy. According to the survey, the 69.9% of respondents stated that they wish...

Reuters: Greek Banks Offloading Shipping Debt to Shore Up Capital

Greek banks are considering offloading part of their shipping debt portfolios worth billions of dollars in a bid to shore up their capital, Reuters stressed citing banking and ship-financing sources. Earlier this week, Athens has secured a four-month extension of its...

IMF Chief: Greece will Stay in Euro Zone

International Monetary Fund President Christine Lagarde said that there is no discussion for Greece exiting the euro zone and that she is optimistic the country will come to a satisfying agreement with its creditors and its economy will be...

Moscovici: EU is not Reviewing a 'Plan B' for Greece

The European Commission wants Greece to stay in the Eurozone and is not reviewing a "Plan B" on the country's exit from the monetary union, EU Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici said in...

Eurogroup Statement on Greece; Four-month Loan Extension Agreement

Greece and Eurozone reached a new deal that entails a four-month extension of the loan agreement without new austerity measures and a commitment that no unilateral actions will be taken. The newly elected SYRIZA-led Greek government is trying to balance...