Calamos Supports Greece

International Monetary Fund

FT: The Cost of a Third Greek Bailout Could be at Least €37.8 Billion

Greece will need a third bailout and the new government acknowledges that, despite what Prime Minister Alexis Tsipras and Finance Minister Yanis Varoufakis say publicly. This is what Peter Spiegel claims in a Financial Times report. According to the report, euro...

Thousands of Pro-Government Demonstrators Rally in Front of Greek Parliament

For yet another afternoon and despite the freezing cold and the light snow falling since yesterday, more that 10,000 Athenians gathered in front of the Greek Parliament at Syntagma Square in downtown Athens to express their support to the Greek...

Greek FinMin Varoufakis Presents the '10 Reforms Proposal' Amid Grexit Concerns

The end of the crisis will not come if Greece says yet another "yes" to the program. If the drug was bitter but effective we would have taken it, but the drug is "toxic" and even the doctor knows...

300 Intellectuals and Academics in Support of Greece

Some 300 internationally acclaimed academics and intellectuals from across the globe have signed and published an open letter in support of Greece and Europe, demanding from the European governments, the European Commission, the European Central Bank (ECB) and the International Monetary...

IMF: We are Waiting for Greece's Proposals

The new Greek government has not formally approached the International Monetary Fund (IMF) to table its proposals, according to the organization's spokesperson, Gerry Rice. Rice said there is no official dialogue between the Greek government and IMF. “Therefore, we can neither assess the...

Berlin Wants Greece to Remain Within Previously Agreed Program and Troika in Place

A German document leaked earlier today by Reuters, reveals that Berlin wants Athens' new leftist government to ditch its pre-election anti-austerity promises and remain within the framework of economic policies its predecessors have agreed with the country's international creditors if...

New Hope on the Horizon

Newly elected Greek Prime Minister Alexis Tsipras' visit to Cyprus was an overwhelming success. One that offered hope that things are about to change for the better. He has given hope but not only to the Hellenes across the...

IMF: The Troika Cannot be Easily Abolished

International Monetary Fund (IMF) officials have sent a clear message to Greece, warning that the new government's plan to abolish the Troika representing the country's creditors, cannot be easily fulfilled. As they highlighted, there might have been a contact between Greek Prime Minister...

Business Insider: ECB Squishing Greek Banks to Reach a Deal With the Government

The European Central Bank (ECB) is constantly adding pressure to Greek banks, threatening to withdraw emergency funding if the country's government does not compromise. In a time that the newly elected leftist Greek government is attempting to renegotiate the...

German Govt: No to Troika's Abolition in Greece

Berlin appears firmly negative to any one-sided changes regarding Greece's bailout program, German Finance Minister Wolfgang Schaeuble highlighted while addressing the Reuters Euro Zone Summit earlier today. Schaeuble's statements come just a few days ahead of the upcoming first tet-a-tet...