Calamos Supports Greece

Euclid Tsakalotos

Tsakalotos: Greece Likely not to Need Precautionary Credit Line After Program Ends

Greece and its creditors believe that the country will not need a precautionary credit line after its aid program is completed in August 2018, Finance Minister Euclid Tsakalotos said on Friday after a meeting of euro zone ministers in...

Greek Fin Min Tsakalotos to Remain in his Post Until August 2018

Government spokesman Dimitris Tzanakopoulos said that Finance minister Euclid Tsakalotos will most certainly remain in his post until the end of the upcoming bailout negotiations with Greece's international lenders in August 2018. "I'm certain that Mr. Tsakalotos will be negotiating...

Tsakalotos: Greece does not Question the Programme's Statistics

The Greek government doesn't question the quality of the statistical data on which the country's adjustment programme is based on, Finance Minister Euclid Tsakalotos was quoted as telling the German newspaper Die Zeit. Tsakalotos was commenting on an article about...

New Sensational Details Emerge from Varoufakis Book

The recently released book by former Finance Minister Yanis Varoufakis continues to cause controversy in Greece. The book, ‘Adults in the Room’, which reveals details of the first seven months of the SYRIZA-led administration in 2015, when Varoufakis was Fin...

Greek Gov't: Bond Sale an Absolute Success, Opposition Derides Celebrations

"The quality and number of investors who have shown interest in this bond issue shows that the markets started showing confidence in the Greek economy," Finance Minister Euclid Tsakalotos said. The Greek government is celebrating Monday's successful bond sale claiming...

Greece's Return to Markets Met with Cautious Remarks from International Press

Greece's return to tapping the international bond markets for the first time since 2014 is met with mixed remarks from the international press. In its electronic version, German magazine Spiegel reports on Greece's test run on markets as follows: "Return...

Greece’s Tsakalotos Certain of Disbursement Loan Tranche

Greek Finance Minister Euclid Tsakalotos expressed his confidence that the ESM will approve the disbursement of a loan tranche to Greece on Friday. Speaking to reporters, after a teleconference held by the European Stability Mechanism in which he participated, Tsakalotos...

German FinMin: It was the Greek Gov't that Chose to Cut Pensions

It was the Greek government that chose to cut pensions to meet fiscal targets, not the creditors' suggestion, German Finance Minister Wofgang Schaeuble said in an interview published on Saturday. Speaking to Greek newspaper Ta Nea , the German finance...

Greek FinMin: We Can Borrow From Markets Without QE

Greece can borrow from the markets without the inclusion of its bonds in the European Central Bank's quantitative easing (QE), Finance Minister Euclid Tsakalotos said on Thursday. Even though Greece completed the second evaluation of the bailout program, the ECB...

Greece Can Return to Markets This Year If Reforms Stay on Track, ESM's Regling Says

The disbursement of loans to Greece is likely to take place in early July, European Stability Mechanism (ESM) Managing Director Klaus Regling said on Wednesday, after a meeting with Greek Finance Minister Euclid Tsakalotos in Athens. He also repeated that...