Calamos Supports Greece

European Union

Tsipras' Dramatic Call to Europe: "Restore the ELA to Greek Banks"

Greek Prime Minister Alexis Tsipras made a dramatic call to Europe to increase its Emergency Liquidity Assistance (ELA) to Greek Banks, in order for Greece not to turn to chaos. The European Central Bank (ECB) did not kept the financial...

Greece Referendum: Why Tsipras Made the Right Move

Although Greece is hard strapped for cash this is clearly a political decision with profound consequences for the future of the European Union. It is also the right one.

What Will Happen If Greece Does Not Reach an Agreement?

In an attempt to assess the future of Greece in case no agreement is reached before June 30, Bloomberg answered five critical questions. If the Greek side and the country’s creditors are not able to reach an agreement over the...

Europe Shows its Ugly Face to Tsipras and, Consequently, Greece

  Back in the good old days -- just a few weeks ago -- every time the Greek Prime Minister went to Brussels or to a European Union meeting, European Commission President Jean-Claude Juncker would hug him, kiss him, even...

Creditors Differ on Greece's Bailout Agreement

Greece's creditors differ on certain items on the list of proposed measures Athens has presented while they are worried about final parliamentary approval. The troika of Greece's creditors -- the European Commission, the European Central Bank and the International Monetary...

Greek Foreign Minister Raises Issue of Migrant Care Facilities at EU Council

Greek Foreign Minister Nikos Kotzias said on Tuesday there is an imperative need to address health concerns and the care of migrants arriving in Greece, during a meeting of the EU General Affairs Council in Luxembourg that discussed migration; the...

EU to Use Drones, Submarines to Combat Migrant Smugglers

The European Union will use submarines, warships, drones and helicopters in an operation to gather intelligence on gangs who smuggle thousands of asylum-seekers to Europe from Libya, officials said on Monday. EU foreign ministers agreed at a meeting in Luxembourg...

Two Opposing Rallies in Athens, Essentially For and Against Europe

In the past week, two separate demonstration rallies took place in front of the Greek Parliament in Athens, showing once again the polarization of Greek people in such a critical time for the Greek economy and society in general. It...

Emergency Eurogroup on Monday to Discuss Greek Debt as Default Approaches

An emergency Eurogroup session will be held on Monday before the Eurozone summit scheduled that day in order to discuss the critical Greek issue as the country heads for default on the International Monetary Fund on June 30. Eurozone ministers...

The Guardian: 'Greece Can't Pay, Won't Pay'

The “cold war atmosphere” that prevails in the European front, particularly between the Greek government and its creditors is described in a bleak manner in Greek and foreign media. Greece was once again on the front page of various...