Calamos Supports Greece

Christos Staikouras

Greece Raises $3.6 Billion from Five-Year Bond Issue

Greece has raised approximately 3 billion euros ($3.6 billion) after the completion of a five-year bond issue on Wednesday. Greek Finance Minister Christos Staikouras welcomed the successful raising of the funds, which came at an almost zero interest rate, setting a...

S&P Upgrades Greece’s Rating and Outlook

S&P Global Ratings, the American credit rating agency, upgraded Greece’s sovereign credit rating by one notch on Friday, to "BB" from "BB-".

EIB to Help Manage Greece 2.0 Recovery Plan

The European Investment Bank agreed to help manage up to 5 billion as part of Greece’s implementation of the National Recovery Plan

Coronavirus Lockdown Costs Greece 750 Million Euros Per Week

The coronavirus lockdown is costing Greece around 750 million euros ($902 million) per week, Finance Minister Christos Staikouras said on Thursday.

Greece Receives Boosted Credit Rating from Moody's

Moody's, the bond credit rating agency, upgraded Greece's credit rating on Friday, giving the country's market a boost amidst the Covid-19 pandemic. The country's rating went from a B1 to a B3, signaling the possibility of economic recovery in the...

Greece Says EU Economic Response to Coronavirus 'Satisfactory'

Finance ministers of eurozone countries agreed on Thursday evening to to make €500 billion ($547 billion) available "immediately" to stimulate the EU economy that is hit hard by the covid-19 pandemic. The decision came after hours of deliberation between the...

Greek Economy Expected to Contract by Up to Three Percent in 2020

Greek Finance Minister Christos Staikouras said on Thursday that the country's economy is expected to contract by between one and three percent in 2020 due to the coronavirus crisis. Speaking to Skai TV, he said he expected the impact to...

EU Scraps 3.5 Percent Surplus Target for Greece Due to Coronavirus Emergency

Eurozone finance ministers decided on Monday evening to scrap the primary surplus target of 3.5 percent of GDP for Greece this year in the face of the coronavirus pandemic. "Today's (yesterday's) decisions fully meet Greek positions and priorities," Finance Minister...

Greek Budget Foresees 2.8 Percent Growth in 2020

Greece's state budget for the financial year 2020 was presented to Parliament by Finance Minister Christos Staikouras on Thursday. A growth rate of 2.8% and a primary surplus of 3.6% in 2020 are foreseen in the new budget, slightly exceeding...

Greece Officially Requests Early Repayment of Expensive IMF Loans

Greek Finance Minister Christos Staikouras signed the official letters on Monday in which Greece requests to pay back to the International Monetary Fund (IMF) part of the loans it received during the financial crisis. The letters will be sent to the...