Calamos Supports Greece

debt relief

FT: Turkish Turmoil Could Help Greece Get Debt Relief

An article in the Financial Times makes a case for the current turmoil in Turkey being of benefit to Greece. U.S. Treasury Secretary Jack Lew has said that Greece's creditors should let Greece restructure its debt so that the...

U.S. Treasury Secretary Lew to Visit Athens This Week

U.S. Treasury Secretary Jack Lew will visit Athens this week to urge the Greek government to expedite required economic reforms, according to the Treasury Department. Lew will make a stop in Athens on his way to the Group of 20...

Moscovici in Athens: Greece-EU Set Christmas Target for Debt Relief

EU Economic and Financial Affairs Commissioner Pierre Moscovici met with Prime Minister Alexis Tsipras in Athens on Monday to discuss specific measures for the reduction of Greece's debt. Moscovici said that the country needs to stick to reforms in...

Delia Velculescu: IMF Wants Greek Debt Sustainability, Μeasures Aren't Enough

International Monetary Fund (IMF) representative Delia Velculescu said that Greek debt is not sustainable, during her address at the Economist Conference in Athens. "Greece needs substantial debt relief," she said, adding that the IMF is participating in discussions and...

Eurogroup Backstage Drama: IMF's Disagreement Concerns EZ Finance Ministers

The Eurogroup meeting kept Eurozone finance ministers up until late in another sleepless night on Tuesday, May 24. A deal on Greece was finally reached at dawn the next day. This time, however, the delays were not high-stakes calls...

IMF Scathing Report Calls for Debt Relief by 50 Percent of Greek GDP

The International Monetary Fund (IMF) released its preliminary draft Debt Sustainability Analysis (DSA) on Monday, May 23. the DSA was prepared by the fund staff in the course of policy discussions with the authorities and the European institutions in...

Greece's EU Creditors Prepare For 11 Billion Euro Tranche After Review

Greece will receive an 11-billion-euro disbursement from its EU creditors (European Commission, European Central Bank, European Stability Mechanism) once the country completes a review of its bailout program. The funds will be for state arrears and debt servicing needs...

IMF Says Greek Debt Explosion to 293.8% of GDP by 2060

The International Monetary Fund's (IMF) analysis, presented by Bloomberg, states that Greek debt will soar to 293.8 percent of its GDP by 2060 if there is no debt relief. Statements point to an agreement possible at the Eurogroup meeting...

German Fin Min: No Debt Relief Before 2018

German Finance Minister Wolfgang Schaeuble says that discussion for Greek debt relief can only take place after 2018, despite his optimism that an agreement between Greece and eurozone finance ministers will be reached at the Eurogroup meeting scheduled for...

Tsipras Tells Cabinet that Eurogroup Meeting Was a Success, Despite Shortfalls

Greece's Radical Left Coalition (SYRIZA) Prime Minister Alexis Tsipras addressed his cabinet during a meeting on Tuesday, in the aftermath of the extraordinary Eurogroup meeting on Monday.  "Today is an important day. And it is an important day because after...