Calamos Supports Greece

EU

Merkel: Greece Eurozone Entry Bogus

Apparently frustrated she spends a lot of her time defending why she's so tough on Greece - insisting on harsh austerity measures in return for her country's backing of international bailout loans - German Chancellor Angela Merkel said Greece...

Germans See Greek Black Hole

The news that Greece, already surviving on $325 billion in two bailouts from international lenders, could need another 10 billion euros ($13.34 billion) has many Germans throwing up their hands in exasperation. Germany is the biggest backer of the...

Stournaras Sees New Bailout, Not Austerity

Greek Finance Minister Yannis Stournaras, who keeps revising the potential need for more aid for Greece, said if a third bailout is required that it would be for only 10 billion euros ($13 billion) and that there would not...

Stournaras Says No Haircut For Greece

Greek Finance Minister Yannis Stournaras, who has been relentlessly upbeat about what he believes will be a more rapid recovery for the Greek economy than do most analysts, said he envisions the country even being able to borrow from...

Greek Debt At 321B Euros

After three years of crushing austerity measures and imposing losses of 74 percent on private investors to write down its debt by $134 billion, Greece still owes 321 billion euros ($429.46 billion) a level that many analysts said is...

New Greek Aid Seen At 10B Euros

Speculation that Greece will need additional rescue aid for its economy is rapidly turning toward certainty with another European Union official acknowledging it seems inevitable and will be about 10 billion euros ($13 billion) to complement two bailouts totaling...

Up To 15,000 Homes On Seizure List

Greece’s coalition leaders said they will allow banks to confiscate 12,000-15,000 homes because they believe the owners have been trying to manipulate laws that protect people with primary residences worth up to 200,000 euros ($260,000) from losing them because...

Samaras Says No Foreclosures On Poor

With a rebellion growing in their ranks over plans to let banks seize homes after a ban on foreclosures expires at the end of the year, Greek Prime Minister and New Democracy Conservative leader Antonis Samaras and his coalition...

Papaconstantinou Tells BBC: "Clear Conscience"

Former Greek Minister of Finance George Papaconstantinou, who has been charged with wrongdoing in the handling of a list of 2,062 Greeks with $1.95 billion in secret Swiss bank accounts that still hasn't been checked for possible tax cheats,...

Schaeuble Says Greece Needs 3d Bailout

German Finance Minister Wolfgang Schaeuble said on Aug. 20 during a campaign stop to help Chancellor Angela Merkel's re-election bid next month that two bailouts of $325 billion from international lenders to prop up Greece haven't worked and that...