Calamos Supports Greece

“Grexit

German Vice Chancellor Gabriel: Germany Wants Greece in the Eurozone

The German government's desire for Greece's Eurozone membership expressed the country’s Vice Chancellor and Economic Affairs Minister, Sigmar Gabriel, in his recent interview to German newspaper "Hanoversche Allgemeine Zeitung," adding that the Eurozone expects that the agreements between the two...

Spiegel: Grexit Not a Problem For Germany

Fears of Greece's departure from the Euro after an impeding preponderance of Alexis Tsipras' anti-austerity political party, SYRIZA, on the January 25 Greek elections, don't seem to torment the Angela Merkel administration, according to German magazine Der Spiegel. Unnamed authority...

German Officials: If Tsipras Proceeds with his Program, EU Will Give No Money to Greece

“Quiet Christmas? Not for Greece and therefore not for the Eurozone either.” This is the conclusion of today’s German newspaper "Die Welt," which in an article entitled “The election that could plunge the whole of Europe into chaos,” foresees...

EU Commissioner Moscovici: A Grexit Would be a Pity Now

"It would be a pity for Greece to face Grexit again after the considerable work that has been done." This phrase sums up the message sent to Greece by the European Union Commissioner for Economic and Monetary Affairs, Pierre...

Bloomberg Sees Danger of Grexit

The nightmarish Grexit scenarios of 2010 and 2011 are back, after the recent political turmoil in Greece, said Bloomberg. As international investors analyze the options, they see that Greece's status in the Eurozone is in question again. The 12.78-point record plunge...

Greeks Transferred €32.5 Billion Abroad Since 2009

Greeks had transferred abroad about 115 billion euros between late 2009 and end of June 2012 -- the first year that signs of restoration of the Greek economy appeared. According to a survey by the Bank of Greece published in...

Schauble: Greeks Had Drawn Up 'Grexit' Plan

Disclosures surrounding the story behind the eurozone crisis and the Cannes G20 summit meetings between EU leaders and former Greek prime minister George Papandreou, as revealed recently in London's Financial Times, seem never to end. With crucial European Parliament elections due in...

Juncker Says Euro Zone Threats do Not Help Greece

Eurogroup President Jean-Claude Juncker took aim at Austria, Germany and the southern German state of Bavaria on Saturday for suggesting that a Greek exit from the euro zone was looming. "Threats in the Austrian, German or Bavarian language that Greece...

Schaeuble: It’s Not Sure that Greece Will Stay in the Euro

It’s not yet sure that Greece will stay in the Euro. The statement was made by German Finance Minister Wolfgang Schaeuble (CDU) in an interview on the ZDF Public Service TV show "The battle for the Euro" that will...

Sweden's Finance Minister Advises Greece to Quit Euro

Sweden's finance minister Anders Borg on Friday advised Greece that it would be better if they pulled out of the euro. "If it had to leave the eurozone, it would probably find its competitiveness once again, and then Greece could...