Calamos Supports Greece

Greece

Investors' Calls for Compensation Over Greek Bailout Rejected by EU Court

The European Union's General Court made public on Thursday that the private investors who wished to be compensated for the losses they endured during the Greek bailout of 2012 will not receive any compensation. The individuals who had held sovereign...

Yanis Varoufakis Hails Greek Bailout Referendum as 'Celebration of Democracy'

Former Greek Finance Minister Yanis Varoufakis hailed the referendum of July 5, 2015 as a "celebration of Democracy", to mark its third anniversary. In a series of tweets in both English and Greek, Varoufakis says that "three years ago, today,...

Flashback to the Greek Bailout Referendum: When 'No' Became a 'Yes'

On the third anniversary of the referendum to decide whether Greece was to accept the bailout conditions imposed by its creditors, the political landscape of the country looks so much different. Former firebrands Alexis Tsipras and his SYRIZA-led government which...

IMF Likely to Assume 'Advisory' Role After Greek Bailout Ends

Nobody is discussing the possibility of extending the Greek programme after Aug. 20, Greece's representative at the IMF Michalis Psalidopoulos has said. Speaking to the Athens-Macedonian News Agency (AMNA) he also estimated that the IMF will probably assume the role...

Delay Hits €5.7B Greek Bailout Payment

Greece failed to receive a fourth €5.7-billion ($7 billion) tranche of bailout funds on Monday, despite a senior EU figure confirming Athens had met "99 percent" of its reform commitments. However, European mandarins confirmed that work had started on a form...

Online Auctions Overshadow Greek Bailout Progress

Monday's crunch Eurogroup meeting may have praised Athens for legislating 95 of 110 “prerequisites” needed to access bailout funds but stressed the need for online auctions before a next loan tranche is disbursed in February. Greece’s government has committed to...

EU Source: Greek Bailout Exit in Sight

Associated Press (AP) is reporting a senior EU official in Brussels saying Greece is close to exiting its bailout program. Speaking anonymously on Thursday ahead of a major Eurogroup meeting next week, the official told AP there was "a great willingness...

€6-7B Greek Bailout Tranche Set for Late January

    The next Greek bailout tranche, worth 6 to 7 billion euros, is expected to be disbursed in late January, provided that 55 agreed-upon measures are undertaken by the Greek government by that time. A Eurogroup source told the Athens -...

EU Auditors Criticize Handling of Greek Bailout Programmes

The EU handling of the Greek debt crisis successfully imposed reforms and avoided a catastrophic default by Greece, but failed in ensuring Athens could stand on its own feet financially, an EU auditor's report said on Thursday. "These programmes promoted...

Eurogroup: Dijsselbloem Says Greek Bailout Solid, Regardless of New German Government

In today's Eurogroup meeting, the head of eurozone finance ministers, Jeroen Dijsselbloem, said the agreement on the Greek 86-billion-euro bailout was "solid" and could not be changed by new governments. His reference was regarding the ongoing negotiations for the formation...

German FDP Leader Critisizes Fin Min Schaeuble over Greek Bailout

In an interview with Handelsblatt newspaper, FDP leader Christian Lindner, among the candidates to take over the Finance ministry in the next German government, accused former Fin Min Wolfgang Schaeuble over his handling of the Greek bailout. Lindner ruled out...

FDP will Support Greek Bailout Programmes if IMF is Involved, Lindner Says

The Free Democratic Party of Germany (FDP) is willing to consent to financial assistance programmes for Greece provided the International Monetary Fund (IMF) participates, making it clear that the debt is sustainable, FDP party leader Christian Lindner said on...

European Commissioner: Greek Bailout a ‘Scandal’ for Democratic Procedures

The Eurogroup’s handling of Greece’s bailout programme was a scandal in terms of democratic processes, Economic Affairs Commissioner Pierre Moscovici said in an interview with Corriere della Sera. The French economist said that after eight years of crisis and tough...

Eurogroup President Spox Says Dijsselbloem Expects Deal on Greek Bailout Next Week

Eurogroup chief Jeroen Dijsselbloem says that he expects to conclude the deal for the Greek bailout program at the June 15 meeting, his spokesman said on Friday. A report by Reuters says that IMF chief Christine Lagarde will be attending...

US Government ‘Open’ to IMF’s Participation in Greek Bailout

Washington will keep an “open mind” regarding the participation of the International Monetary Fund (IMF) in the Greek bailout programme, a senior US Treasury official said. The US, the largest shareholder in the IMF, will likely not rule out new...