Calamos Supports Greece

Christine Lagarde

Stournaras Says No to Salary Cuts and Tax Increases

Yannis Stournaras, the Greek Finance Minister stated that there will be no further cuts on salaries or an increase on taxes. He assured the government’s commitment by saying “no more horizontal measures means no new cuts and no tax...

Greek Lawmakers Want Troika Haircut

Some  3 1/2 years after asking for international bailouts and $325 billion in loans later, Greece hasn't made a dent in its debt, still hovering around $430 billion, and now is trying to make a case that it can't...

IMF Report Disputes Greek Surplus Claims

A report from one of Greece's international lenders, the International Monetary Fund has rattled the government because it estimates that a third bailout of about 6.9 billion euros - with corresponding austerity measures that Prime Minister Antonis Samaras swore...

Acquitted Journalist Vaxevanis Tried Again

Kostas Vaxevanis , the Greek whistleblower journalist who embarrassed a Greek government that hadn't acted on a list of Greeks with secret Swiss bank accounts by publishing their names, went on trial again on Oct. 8 of violating their...

Lagarde Says Greece Has A Surplus

In an interview with DW, Managing Director of the International Monetary Fund Christine Lagarde talked about Greece’s economic situation, stressing: “In Greece were required very significant structural reforms through which the country has gone with huge sacrifices”. Moreover, Lagarde emphasized...

Samaras Talks Debt Cut in Washington

After a meeting in Washington, D.C., with International Monetary Fund chief Christine Lagarde, one of Greece's Troika of international lenders, Prime Minister Antonis Samaras, the New Democracy Conservative party leader, again began fishing for a debt cut he said...

Samaras Back to U.S. On Investment Hunt

Greek Prime Minister Antonis Samaras, who was in the United States in August to meet President Barack Obama and business leaders in Washington and New York is going back on Sept. 28, this time to meet Vice-President Joe Biden...

WSJ: IMF to Admit Big Fat Greek Bailout Blunders

Talk about a mea culpa. The International Monetary Fund is set to admit that it has made a number of big mistakes over the last three years in its handling of the bailout of Greece, which has been the...

Troika Says First Greek Bailout Botched

Envoys from international lenders are set to return to Athens on June 4 to conduct yet another review of Greece's books, at the same time that the International Monetary Fund admitted the country's first $152 billion bailout plan was...

Troika Mulls Reducing Greek Debt Load

Acknowledging that even two bailouts of $325 billion and imposing 74 percent losses on investors to write down debt still haven't done enough to right Greece's economy, the country's international lenders are considering finding other ways to reduce how...