Calamos Supports Greece

Greek bailout

IMF Chief Urges Europe to Offer Debt Relief to Greece

The International Monetary Fund (IMF) will not participate financially in Greece's third bailout unless European creditors offer the country debt relief, said the Fund's chief. IMF Managing Director Christine Lagarde sent a letter to Eurozone Finance Ministers ahead of Monday's...

Dijsellbloem: Political Agreement Is the Aim of May 9 Eurogroup

Achieving a "political agreement" on the Greek debt relief issue is the goal of the May 9 Eurogroup, said the Eurozone Finance Ministers chief Jeroen Dijsellbloem. This is emphasized on the draft agenda released today by the Eurogroup President. "The Eurogroup will...

ESM Head: Why was Greece Led to a Third Memorandum

ESM Head Klaus Regling said during an interview in Italian newspaper Corriere della Serra that "Greece is not facing bankruptcy. We are working in way that will complete the evaluation." Regling said that the basic problem of the current delay is not due to the...

European Central Bank Lowers ELA for Greece Ahead of Eurogroup

The European Central Bank (ECB) has lowered the borrowing ceiling to Greek banks by 300 million euros on Thursday. The Emergency Liquidity Assistance mechanism (ELA) was lowered to 69.1 billion euros on Thursday, the ECB said after accepting a request made...

Study: Bailout Loans Saved European Banks, Not Greece

About 95% of the 220 billion euros disbursed to Greece since the beginning of the economic crisis have gone to save European banks and not the country, a study says. According to the study by the European School of Management and...

Greece, Creditors Talks to Resume, But Deal on May 9 Eurogroup Unlikely

Greece's bailout negotiations with international creditors are to resume by teleconference on Tuesday, ahead of the extraordinary Eurogroup on May 9. According to Greek media, it is unlikely that much ground will be covered until the May 9 meeting of Eurozone Finance...

U.S. Treasury Under Secretary: We Support IMF Position on Greece's Bailout

U.S. Treasury Under Secretary Nathan Sheets said on Wednesday that the U.S. support the IMF's participation in Greece's bailout program, contingent on substantial debt relief from European partners. Speaking to the U.S. House Financial Services Committee, Sheets answered to questions regarding...

Eurogroup Chief: Meeting on Greece Within Next Two Weeks

An emergency Eurogroup meeting on Greece will take place next week or the week after, said the chief of Eurozone Finance Ministers, Jeroen Dijsselbloem, on Wednesday. Talks between Greece and creditors came to an abrupt halt on Tuesday due to...

The Greek debt crisis was announced to the world 6 years ago….are we any nearer to ending it?

On October 4th 2009, the center-left PASOK party, led by George Papandreou, defeated Kostas Karamanlis after 5 years of New Democracy rule. While the murmurings of a debt problem had surfaced in the run-up to the elections, none of the...

New poll: ND 4.4% Ahead of SYRIZA

Vima newspaper, published in its Sunday edition a recent poll by KAPA research, according to which New Democracy (ND) is ahead of SYRIZA by 4.4%. The majority of the participants in the poll (70%), see the negotiations with the creditors' negatively, three...