Calamos Supports Greece

IMF

IMF Says Greece Needs More Money

With the ink on a new loan deal not even dry, an official from one of Greece's international lenders said that once again the country's need for money has been underestimated and more assistance is needed because loans and...

Greek MP's OK Bank List Probe of Papaconstantinou

By a wide margin, the Greek Parliament in the early morning hours of Jan. 18 voted to have  former finance Giorgos Papaconstantinou investigated over charges of removing the names of three relatives from a list of Greeks with secret...

Stournaras Fears Unrest Could Undo Reforms

With international aid beginning to pour in gradually, Greek Finance Minister Yiannis Stournaras said he’s worried that growing political and social unrest could undermine Greece’s slow recovery and even lead to bankruptcy unless the government resists. In an interview with...

IMF OK's 3.24 Billion Euros For Greece

One of Greece's Troika of international lenders, the International Monetary Fund, on Jan. 16 approved the disbursement of 3.24 billion euros ($4.3 billion) in a long-delayed loan installment as part of a series of incoming loans. “There will be reservations...

Greek Certainties: Death, Taxes and Tax Evaders

Raising taxes is supposed to be antithetical to Republicans and Greece’s New Democracy Capitalists who usually pin that on Democrats and the Left. But it wasn’t surprising when, instead of going after tax evaders who owe their beloved country $70...

Lagarde Backs Reforms, Says Revenues Needed

International Monetary Fund Managing Director Christine Lagarde said Greece needs to find ways to generate more cash fast because austerity measures and lifeline loans from its international lenders aren't enough to prop up the economy. Lagarde defended the policy...

Greece Asks EU Help To Catch Tax Cheats

Conceding that Greece can’t deal with tax cheats alone, the government is going to bring in tax experts and analysts from other European countries to help stem the runaway problem which has cost the country more than $70 billion. The...

Electric Bills Up 9%, Government Agencies Won't Pay

Electricity bills for most Greek consumers will go up 9 percent retroactively to Jan. 1, while a 100 percent property tax surcharge is still being tacked on to utility bills under the threat of power being disconnected, although state...

Tsipras Wants Bailout Terms Revised

Alexis Tsipras, leader of the major opposition Coalition of the Radical Left (SYRIZA) part has reiterated his demand that international lenders change the terms of their harsh conditions put on Greece in return for bailouts keeping the economy from...

Juncker Blasts "Unpatriotic" Greeks With Money Abroad

Eurozone chief Jean-Claude Juncker has castigated wealthy Greeks and those who hide their income in secret bank deposits outside the country and being unfaithful to their country at a time when many Greeks are suffering big pay cuts, tax...