Calamos Supports Greece

Eurobank

First Deflation In Greece In 45 years

According to Enet, Greece has hit deflation for the first time since 1968 as the country's crushing economic crisis and harsh austerity measures keep pushing down prices and consumer spending. Consumer prices fell 0.2% year-on-year in March, the first month...

Spiegel Suspects Deposits Haircut in Greece

After the suspension of  a planned merger of the National Bank of Greece and Eurobank because of capitalization problems and opposition from Greece's international lenders, the German magazine Spiegel said it believes the Greek government is planning to confiscate...

Greek Market Ends Up

After a massive sell-off in bank shares, particularly National Bank and Eurobank (-30%) which dragged the Greek stock market significantly lower in the aftermath of Sunday΄s decision to postpone a merger plan between the two banks, the General Index...

Troika Freezes National-Eurobank Merger

The announcement that the National Bank of Greece and Eurobank will stage their recapitalization has effectively frozen plans for them to merge as the government wanted, but which was opposed by the country's international lenders, the Troika of the...

NBG, Eurobank, Will Recapitalize Apart

As Greece and envoys from international lenders are still at odds over whether the National Bank of Greece and Eurobank should merge, as the government wants, the banks will be recapitalized separately, according to two bankers who were not...

Stournaras Tells Troika: "Take The Keys!"

Greek Prime Minister Antonis Samaras took over talks with international lenders on April 7 after his Finance Minister Yiannis Stournaras fired back at them over continued demands for austerity measures, including the firing of 25,000 workers and said if...

Samaras Wants Troika To Back Bank Merger

Prime Minister Antonis Samaras is planning to go head-to-head on April 7 with envoys from international lenders who are in Athens checking progress on reforms before releasing a 2.8 billion euros ($3.5 billion) overdue installment and will push them...

Greece-Troika Talks Get Rough Start

Envoys from Greece's international lenders were heckled by protesters who screamed "You're murderers," at them as they left the finance ministry and as negotiations with the government were delayed amid reports of a deep division between the two sides. The...

Troika Nixes National Bank-Eurobank Merger

After not opposing a merger of Greece's National Bank with Eurobank, the country's internatonal lenders now have asked for it to be stopped, fearing the combined entity would have too much financial power and be too big for the...

Greek Retailers Slump Killing Economy

With austerity-crunched Greeks keeping their wallets in their pockets, retail stores are taking a big hit, with sales dropping like a stone in 2012, for a fourth consecutive year. The businesses reported an overall 10 percent slide and expect...