Calamos Supports Greece

Yanis Varoufakis

Greek FinMin: 'The EU Doesn't Accept the Plan of Greece? We Could Convene a Referendum on the Euro'

Greece ’s finance minister Yanis Varoufakis has said that the Syriza government will propose new elections or a referendum on the euro, if the country’s partners reject his proposals for reforms. In an interview with Italian "Corriere della Serra," a...

Greece's Proposal to Use 'Non-Professional Tax Inspectors' Earns International Scorn

The international Press and social media have met with scorn Greece's proposal to use undercover non-professional tax inspectors in order to fight tax evasion. Greek Finance Minister Yanis Varoufakis proposed that "students, housekeepers and even tourists" could be employed...

Greek FinMin Varoufakis: 'Greece Wants Reforms, is Discussing Process'

The issue in the negotiations with Greece's creditors is not whether to apply the reforms or not, Greek Finance Minister Yanis Varoufakis said from Venice on Saturday, but what process will be followed. Speaking on the sidelines of a...

Greek Govt to Call Tourists, Students and Houskeepers to Arms to Tackle Tax Evasion

Tourists, students and housekeepers are going to be called, among others, to deal with Greece’s long standing tax evasion problem, according to Finance Minister Yanis Varoufakis’ seven economic reforms list, in order to unlock the 7.2-billion-euro bailout assistance....

The Full 11-Page Letter Greek FinMin Varoufakis Submitted to Eurogroup President Dijsselbloem

Greek Finance Minister Yanis Varoufakis sent the seven reforms list of the Greek economy to Eurogroup President Jeroen Dijsselbloem, referring mainly to "real structure reforms" and not structural ones. In detail, the reforms list includes the following: Activation of the Fiscal Council...

German Finance Ministry: Greece Could Get Money Earlier if Reforms Come Sooner

His certainty that Greece would be in a position to receive payment earlier than scheduled if its list of reforms is approved by the institutions and the reforms are implemented earlier, expressed German Finance Ministry spokesperson Martin Jaeger. On...

Tsipras Faces 'Civil War' from SYRIZA Members

Several key SYRIZA members are disgruntled over the presumed compromises Prime Minister Alexis Tsipras and Finance Minister Yanis Varoufakis have made in the negotiations on the Greek debt so far. Some even talk of a referendum and general elections. Parliament...

Greece Repays First IMF Installment for March

Greece repaid the first 310-million-euro installment of a loan from the International Monetary Fund due in March, a government source told Reuters on Friday. The country is facing a serious liquidity problem before Monday's Eurogroup that will decide if the...

Central Banker: Greek Deposits are Totally Safe

The Greek banking system and deposits are fully secured, Bank of Greece (BoG) governor Yannis Stournaras on Friday said after a meeting with Prime Minister Alexis Tsipras. Stournaras added that the prime minister and the economic staff assured him they...

Greece Looking at Eurogroup for Breath of Air

Greece is facing a serious liquidity problem since the European Central Bank refuses to include the country in the quantitative easing program or buy more treasury bills. Now Athens is looking at Mondays' Eurogroup for a breath of air. Greek...