Calamos Supports Greece

IMF

Prospects for Successfully Concluding 2nd Review in Athens Now Good, IMF Says

The prospects of successfully concluding the second review of Greece's programme are now good but the Eurozone has to provide adequate assurances of a reliable strategy that will ensure the sustainability of Greece's debt, the International Monetary Fund (IMF)...

IMF: Progress Made but Significant Backlog

Talks between Athens and its eurozone and IMF creditors have been dragging for months and the effort to bridge the gap in bailout negotiations is focused on debt relief and budget targets for austerity-stricken Greece. The IMF says that...

Greek Finance and Labor Ministers Go Urgently to Brussels for Bailout Talks

Greek Finance Minister Euclid Tsakalotos, Deputy Giorgos Chouliarakis and Labor Minister Efi Achtsioglou flew urgently to Brussels on Tuesday morning in order to unlock bailout review talks with creditors. The Greek government is making a last-minute effort to reach a...

New Hurdles in Greece's Bailout Talks Delay Review

A new hurdle in talks for the completion of the second review of Greece's bailout program appeared, as Berlin seems to find a fiscal gap that would require pension cuts to apply in 2019. Sources close to negotiations say that...

Eurogroup President Says No Expectations for Agreement by April 7

The return of Greece's technical team to Athens is on hold after Eurogroup President Jeroen Dijsselbloem said that "there are still differences" regarding reaching an agreement at a technical level.  The Eurogroup president followed by clearly stating that he...

Greece-Creditors Negotiations Stall Again Over Labor Law Issues and Pension Cuts

Greece and creditors failed to come to any conclusions during Thursday's Euro Working Group, the preparatory meeting for the April 7 meeting of the 19 euro zone finance ministers in Malta. Lenders decided that the institutions' technical teams need to...

Greece Reaches Agreement With Creditors to Close Bailout Program Evaluation

An agreement with between Greece and international creditors has finally been reached on the issues of labor reforms, spending cuts and energy issues, moving closer to a staff level agreement before a meeting of euro zone finance ministers on April...

German Newspaper: Schaeuble Says 'No' to Freezing of Interest Rates for Greece

Germany says 'No' to freezing of interest rates for the Greek debt until 2040 because that would cost creditors 120 billion euros, according to German financial newspaper Handelsblatt. In a report regarding the issue of Greek debt relief, Handelsblatt says...

Government Official Expresses Optimism SLA Could be Clinched by April 7

A government official expressed optimism on Monday that a staff-level agreement between Greece and its creditors could be achieved by April 7 (Friday), adding that the EuroWorking Group (EWG) on March 30 is not crucial. To have a staff-level...

BoG Governor Stournaras Warns: Delays in Evaluation Adversely Affects Greek Economy

Governor of the Bank of Greece Yannis Stournaras has once again requested the immediate completion of the second evaluation, warning that delays bring into question "every single goal this year -- development, fiscal and financial." This could be considered the...