Calamos Supports Greece

IMF

Erdogan Aide Says Greeks Prefer Turkey, Not EU

After years of pushing its own candidacy for the European Union - stalled partly because it won't recognize Cyprus, which is aleady a member - Turkey believes that Greeks are so weary of the bloc pushing austerity measures on...

IMF Report Disputes Greek Surplus Claims

A report from one of Greece's international lenders, the International Monetary Fund has rattled the government because it estimates that a third bailout of about 6.9 billion euros - with corresponding austerity measures that Prime Minister Antonis Samaras swore...

Greek Banks Face Two More Years of Recession

Even as the Greek government touts a coming primary surplus and predicts the beginning of a recovery next year, The Governor of the Bank of Greece Giorgos Provopoulos said he expects the country's deep recession, now in a sixth...

Secret IMF Report Shows Greek Bailout Worries

Even while the International Monetary Fund in 2010 was agreeing to dubious plans to bail out the faltering Greek economy - a joint effort with the European Union and European Central Bank in what became known as the Troika...

Lagarde Says Greece Has A Surplus

In an interview with DW, Managing Director of the International Monetary Fund Christine Lagarde talked about Greece’s economic situation, stressing: “In Greece were required very significant structural reforms through which the country has gone with huge sacrifices”. Moreover, Lagarde emphasized...

Samaras Talks Debt Cut in Washington

After a meeting in Washington, D.C., with International Monetary Fund chief Christine Lagarde, one of Greece's Troika of international lenders, Prime Minister Antonis Samaras, the New Democracy Conservative party leader, again began fishing for a debt cut he said...

Troika Announces Pause in Aid Discussions With Greece

Greece's international creditors announced Sunday a pause in their discussion with Athens over the release of rescue loans. Teams from the International Monetary Fund, European Union and European Central Bank have been in the Greek capital since September 17 for...

Greece Bans Commando Protest March

Fearing violence, the Greek government said it will not allow a protest march on Sept. 28 by Special Forces reservists who had called for the government to fall and be replaced by a unity administration under the protection of...

Troika Talks Break Down Again

Continuing a repetitive pattern in which Greece's international lenders threaten to withhold funds unless reforms are made - to which Greece objects and then begins to implement slowly before there's another stall - talks between envoys from the Troika...

Venizelos Says No Bailout, No Elections

Greek Deputy Prime Minister/Foreign Minister/PASOK Socialist leader Evangelos Venizelos said during his visit to New York to represent the country at the UN General Assembly that despite what Greece's lenders and many analysts say, there is no need for...