Calamos Supports Greece

IMF

Bank of Cyprus Officials Deleted E-Mails

Two of the beleaguered Bank of Cyprus’ former top executives appear to have deleted critical e-mails to cover their tracks over why they decided to invest heavily in Greek bonds that were later devalued by 74 percent, hitting the...

Venizelos Says Rivals Worked Against Him

PASOK Socialist leader Evangelos Venizelos, testifying during a fiery hearing before a Parliamentary committee about his tenure as finance minister and his handling of a list of 2,065 Greeks with $1.95 billion in secret Swiss bank accounts that wasn't...

Greece-Troika Talks Get Rough Start

Envoys from Greece's international lenders were heckled by protesters who screamed "You're murderers," at them as they left the finance ministry and as negotiations with the government were delayed amid reports of a deep division between the two sides. The...

Ex-SYRIZA Chief's Plan B: Euro Exit

Alekos Alavanos, former head of the major opposition party Coalition of the Radical Left (SYRIZA) kicked off his new Plan B party on April 4 with a platform that calls for Greece to exit the Eurozone, an idea opposed...

Cyprus Wants Troika Bailout Escape Clause

Already trying to distance itself from the harsh terms to which it agreed in return for a 10 billion euros ($13 billion) bailout from international lenders, Cyprus' new government said it would seek a clause allowing for the removal...

Samaras Gives In On Property Tax Change

With envoys from international lenders set to hit Athens on April 4, Greek Prime Minister Antonis Samaras has agreed to a compromise plan proposed by his coalition partners that would roll a 100 percent property tax surcharge into a...

Cyprus Girds For Deep Recession

Cyprus' international lenders expect that austerity measures will shrink the country's economy by a choking 8 percent this year and another 3 percent in 2014 and that the economy won't begin to grow again until a year or two...

Greek Bank Chief Says Deposits Safe

As Cyprus is confiscating up to 80 percent of the bank accounts of depositors with more than 100,000 euros ($130,000) to meet demands of international lenders putting up a 10 billion euros ($13 billion) bailout, the head of Greece's...

Facing Austerity, Anastasiades Mulls Coalition

Still feeling the heat for approving a plan to confiscate up to 80 percent of big bank deposits in return for a 10 billion euros ($13 billion) international bailout, new Cypriot President Nicos Anastasiades said he is considering asking...

Greece and Cyprus Leave Eurozone, Adopt Dralira

Saying they would no longer put up with being told what to do and to keep imposing pay cuts, tax hikes, slashed pensions and seizing bank accounts so that foreign bankers putting up bailout loans could be paid back,...