Calamos Supports Greece

Euro zone

German FinMin: A Grexit or Grexident is Not Ruled Out

Greece must help itself because a Grexit or a Grexident is not ruled out, said German Finance Minister Wolfgang Schaeuble speaking on Austrian television on Thursday. As the verbal exchange between Schaeuble and Athens continues, the German finance minister spoke...

SYRIZA MP: Greek Austerity Cannot End Within the Euro Zone

SYRIZA MP Costas Lapavitsas wrote an article in The Guardian claiming that austerity in Greece will not end as long as the country remains in the euro zone. Lapavitsas is an economics professor at London's School of Oriental and African...

Merkel Faces Dissent from Her Party Over Greek Bailout Extension

German Chancellor Angela Merkel faces dissent from her coalition ranks as she prepares to extend Greece’s bailout. Although the German Parliament is set to vote in favor of the Greek bailout extension, there will be a lot of internal growling...

ECB to Accept Greek Junk Bonds if Athens Keeps to Reform Pledges

European Central Bank President Mario Draghi on Wednesday defended the ECB against criticism that it acted harshly toward Greece, but said the central bank is ready to reinstate a waiver on Greek bonds if Athens completes the bailout program. The ECB lifted...

IMF Chief: Greece will Stay in Euro Zone

International Monetary Fund President Christine Lagarde said that there is no discussion for Greece exiting the euro zone and that she is optimistic the country will come to a satisfying agreement with its creditors and its economy will be...

Greek Bank Deposit Outflows Continue at Alarming Level

Greek depositors withdrew over 1 billion euros from their bank accounts in the last two days, bringing deposit outflows to the January high levels. In January -- month of snap elections -- a total 12 billion euros were withdrawn from...

Top Economists and Academics Urge EU for Agreement with Greece

Eighteen top economists and academics, including two Nobel prize winners in economics, have signed a joint statement, published in The Financial Times, expressing the opinion that the European Union should reach an agreement with Greece. At the same time, the...

Economist: Greece Blew the Chance to Make Euro Zone Work Better

"It is depressingly typical for a government that, for all its high popularity at home, has squandered every opportunity to improve its lot, and ultimately that of the euro zone," says a report on The Economist. The article criticizes Greece's...

German FinMin: 'Greece Must Fulfill the Minimum of the Claims'

German Minister of Finance Wolfgang Schaeuble expressed his skepticism about Greece's stance in the ongoing negotiations over the country’s public debt. Mr. Schaeuble spoke to German radio station Deutschlandfunk today and said that while Germany is adamant about Greece remaining in the euro zone,...

Spiegel: Europe Considers a Grexit 'Manageable'

European finance ministers consider that if Greece and Cyprus exit from the common currency bloc, the risk for Europe would be manageable, according to Spiegel magazine. The German magazine reporter claims sources that revealed off-the-record discussions of European finance ministers...