Calamos Supports Greece

EFSF

EFSF Announces End of Greek Bailout Programme; Greece on its Own

The European Financial Stability Facility (EFSF) just released a statement announcing the end of its financial assistance to Greece. After the end of the programme on Tuesday Greece will be on its own, amidst the worst financial crisis the...

Eurogroup: Greek Program Extension and Debt Restructuring Rejected

  Tuesday evening’s urgent Eurogroup teleconference resulted in the arrangement of another conference for Wednesday, July 1, at 11.30 am Central European Time. The meeting was scheduled after the Greek government submitted a request to the European Stability Mechanism for a two-year...

Why There Can Be No Winners in the Grexit Game

The problem with all this uncertainty is that the various players in the Grexit game fail to understand the serious consequences of not reaching a rational deal.

Eurogroup: Strengthening the Euro after Greece Negotiations Break Up

When Greek Minister Yanis Varoufakis left the Eurogroup after the break-up of the negotiations, the remaining Eurogroup members held an informal meeting to discuss how to further strengthen the EMU and help the euro area to overcome the legacy...

Greece Asks for 9-Month Extension of Loan Agreement

The Greek government is requesting a nine-month extension of the current loan agreement to ensure the funding of Greece's economy, government sources in Brussels said on Wednesday. According to the sources, the request includes funds from the European part of the...

Austria has Earned More than €100 Mln in Interest from Greek Bailout

Austria has received 101.73 million euros in interest on loans given to Greece under the first Greek bailout program, according to figures released by the Austrian Finance Ministry, the country's press agency APA said on Tuesday. This is the amount...

German Newspaper Claims IMF Is Preparing for a Grexit

The International Monetary Fund (IMF) estimates that Greece’s exit from the Eurozone would be “manageable,” although in such a case several measures would have to be put in place in order to ensure the protection of “vulnerable countries,” such...

Varoufakis: An Agreement Will Be Achieved and the Situation Will Stabilize

Resolving the non-performing loan problem of Greek banks will require Europe's intervention, Greek Finance Minister Yanis Varoufakis said on Tuesday at a banking forum in Athens, Greece, organized by the Hellenic Management Association (EEDE), adding that the issue is...

EFSF Chief Regling: Greece Has Yet to Submit a Comprehensive Reform List

The Chief Executive Officer of the European Financial Stability Facility (EFSF) Klaus Regling said the Greek government has not yet submitted a comprehensive list of economic reforms as requested by the country's international lenders. In an interview with the...

New Democracy Tables Separate Examination Committee Proposal for 1981-2015 Period

The Greek Parliament voted the SYRIZA-led government's proposal for an examination committee looking into the circumstances surrounding the signing of the country's two memoranda with its international creditors. Out of the 300 Greek MPs, 156 voted in favor of establishing the...