Calamos Supports Greece

European Stability Mechanism (ESM)

ND Says Tsakalotos' Letter to Institutions Is a 'Humiliating Apology'

Main opposition New Democracy attacked the government on Monday, accusing it of "hypocrisy," while noting that a letter sent by Finance Minister Euclid Tsakalotos to the institutions was essentially a "humiliating letter of apology." In order to persuade the European...

Schaeuble Not Compromising Debt Relief for Greece, Preparing to Go Ahead Without IMF

Following the continuing position of the International Monetary Fund (IMF) saying that it will only consider being involved in the last bailout for Greece if the deal includes debt relief for the country, the German Finance Minister, Wolfgang Schaeuble...

IMF Says Not Demanding New Austerities at This Time for Greece

According to International Monetary Fund (IMF) officials, IMF chief economist Maurice Obstfeld and European Department Director Poul Thomsen, the financial institution is not demanding more austerities from Greece. The IMF has taken to its blog in order to defend...

Schaeuble Agrees on Short-Term Measures for Greece's Debt Relief

The European Stability Mechanism (ESM) is currently working on proposals for the implementation of the agreed short-term measures regarding the Greek debt relief, Dennis Kolberg, the spokesman of German Finance Minister Wolfgang Schaeuble, said in exclusive statements to the...

ESM's Regling: Optimistic in Finding Solution to Greek Debt Sustainability

The short-term measures on Greece’s debt that the European Stability Mechanism (ESM) is preparing will be presented at December’s Eurogroup, ESM’s Managing Director Klaus Regling said after the Eurogroup meeting in Brussels on Monday. Regling said there’s been progress in...