Calamos Supports Greece

primary surplus

IMF: No New Measures for Greece if 2018 Primary Surplus is at 2.2%

The International Monetary Fund is not asking the Greek government to take new measures to cover the fiscal gap that is due to the difference between the Fund's estimates and those of the European institutions regarding the country's primary...

Seven-Month Government Budget Surplus Beats Target

The Greek central government attained a primary budget surplus of 3.05 billion euros in the first seven months of 2017, beating its target by 955 million euros thanks to lower spending, finance ministry data showed on Monday. The central government...

IMF: Greece Must Implement Measures in 2019 and Countermeasures in 2023

The International Monetary Fund report on the Greek debt sustainability says that fiscal measures should be implemented earlier and the countermeasures not earlier than 2023. If the countermeasures are applied from 2019 to 2021, then the primary surplus for those...

Analysis: Greek Debt Relief With a 'Fiscal Straitjacket'

The rescue plan for Greece as agreed in the June 15 Eurogroup is doomed to fail because it is a "fiscal straitjaclet," according to a Peterson Institute for International Economics analysis. The report doubts that a 2% primary surplus for...

ESM: Greece will Not Need Debt Relief if it Reaches 3% Primary Surpluses for 20 Years

Greece will not need any debt relief from the euro zone if it keeps achieving a primary surplus of above 3% of GDP for 20 years, according to the European Stability Mechanism, Reuters said. Reuters cites a confidential document prepared...

European Commission 'Snips' Greece's Economic Forecasts

The European Commission forecast for Greece's economic figures is not as optimistic as the one presented by Athens. Specifically, the European Commission sees growth of 2.1% of GDP in 2017 and 2.5% in 2018 (compared with 2.7% and 3.1% respectively...

PBO Report Warns Greek Government of Risks in Bailout Deal

Hefty tax burdens will burden the Greek economy and keep uncertainty lingering, a quarterly report by the Parliamentary Budget Office revealed on Tuesday, while also stressing that even though the new deal could have some positive aftereffects it comes...

Differences between IMF-Europe Remain on Greece's Bailout Program

While Greece and international creditors are close to an agreement on the bailout program review and the release of the next loan tranche, some differences between Germany and the International Monetary Fund remain. The Fund insists that the fiscal targets...

Greek Gov't Ready to Sign Fourth Memorandum with Creditors

Greece and international creditors are about to sign the fourth bailout agreement, in the form of four separate memoranda of understanding, with the required bills to be tabled for a vote in the House within two weeks. According to Proto...

Greece Records Primary Surplus of 3.9% of GDP in 2016

Greece recorded a primary surplus of 3.9 percent of GDP in 2016, official figures showed on Friday. Hellenic Statistical Authority, in a report, said the general government recorded a primary surplus of 3.9 percent of the country's Gross Domestic...