Calamos Supports Greece

Yiannis Stournaras

BoG Report: Greece Needs Progress in Implementation of Pending Reforms‏

Greece needs to make progress in the implementation of pending reforms, while a new agreement between the country and its partners is a necessary precondition for the continuation and strengthening of an economic recovery currently underway, the Bank of...

Greek Gov't Will Not Appoint Party Members to Run Banks

The new Greek government will not take any actions to hurt the share values of banks and will not appoint party members at key management positions, the government's spokesperson said on Monday. "We will not do anything that would hurt...

More Greeks Unable to Pay on Their Loans

The number of defaulting debtors in Greece is growing, and experts are warning that the situation could blow up and smash hopes the country can finally emerge from a crippling six-year recession this year. Greece’s central bank says that non-performing...

Greek Government not Worried by Troika's Dissatisfaction

Greek Prime Minister Antonis Samaras held a meeting with coalition government Vice-President Evangelos Venizelos, after the heads of the Troika expressed their dissatisfaction on the implementation of the measures agreed upon. Newly appointed Bank of Greece (BoG) governor Yiannis Stournaras was also...

ELSTAT: Greece's Economy Still Shrinking, -1.1% GDP Q1 2014

Greece's economy shrank by 1.1% in the first quarter of 2014, said Greece's Finance Ministry May 15, citing ELSTAT data. Last year, the recession shaved 6% from Greece's gross domestic product (GDP), according to ELSTAT, so this year's data indicates that Greece may now be close...

Greek Finance Minister and Farmers Meeting Fruitless

The Greek Finance Minister, Yiannis Stournaras, had a meeting earlier today with representatives of the Greek farmers union. However, the two parties could not reach an agreement and the union underlined that they will do everything that is within...

Stournaras to Visit Australia in February

The Greek Minister of Finances, Yiannis Stournaras is expected to visit Sydney from February 20 to February 22, in order to attend the council of the G20 Finance Ministers and Central Bank Governors. Meanwhile, the Australian Prime Minister, Tony Abbott is currently...

Stournaras and Tsipras Argue over Banking Scandals

The Greek Minister of Finance, Yiannis Stournaras and the leader of the main opposition SYRIZA, Alexis Tsipras, had an intense argument in Parliament on Friday morning, after the opposition leader posed a question to the Greek Prime Minister, Antonis Samaras about the recent banking scandals. Stournaras answered...

Die Welt: Greeks Bring the Upside Down

After the creditors’ instructions, the Greeks bring the upside down. Wherever you turn in Athens you will find something changing either in everyday life, or in the public sector. The German newspaper Die Welt chose 50 characteristic changes. Here are...

Greek Finance Minister Blames Eurozone

Within the context of research by the European Parliament (EP), focusing on the role of the Troika in the Greek crisis, Greek Finance minister Yiannis Stournaras described mistakes and missed opportunities by the EP, which played a decisive role in the course...