Calamos Supports Greece

Greek proposal

EFSF Announces End of Greek Bailout Programme; Greece on its Own

The European Financial Stability Facility (EFSF) just released a statement announcing the end of its financial assistance to Greece. After the end of the programme on Tuesday Greece will be on its own, amidst the worst financial crisis the...

Greece Offered to Conditionally Suspend Referendum: Reports

Greece has offered to suspend its planned referendum said Malta's Prime Minister Joseph Muscat according to a report by the Times of Malta. "They are ready to suspend their referendum or ask the people to vote 'yes' instead of 'no'...

Eurogroup Meeting Suspended Without Reaching Agreement

While European leaders are preparing for the summit, the European finance ministers Eurogroup started its second meeting in less than 24 hours. Both sides presented their reform proposals, however they were not able to reach an agreement and resolve...

New Greek Government Measures Exceed the Taxes of Previous Bailouts

The Greek government's proposal, in order to make a deal with the country’s creditors, was accompanied by taxes amounting to 7.9 billion euros, while the taxes on the two previous bailout programs amounted to 7.7 billion euros in total. The...

Greek PM Tsipras: Party Support Essential at this Stage of Negotiations

The negotiation with Greece's creditors has entered the most "substantive and crucial stage" and the party's support is essential, Greek Prime Minister Alexis Tsipras said on Tuesday while presenting the latest developments to the SYRIZA Political Secretariat. "The party must support...

Greece Submits New Reform Proposal to Creditors

The European Commission (EC) has confirmed it has received a new reform proposal from Greece, which could finally unlock bailout money for the embattled nation. Reuters said officials from the EC had confirmed receipt of the document, which is thought...

Greek FinMin Varoufakis: We Can't Accept the Fiscal Adjustment Signed by the Previous Govt

Greek Finance Minister Yanis Varoufakis is currently holding the third and most crucial of a series of meetings with his Eurozone counterparts in Brussels in an attempt to strike a deal regarding the future of the Greek program. The talks...

Greek PM Tsipras Confident for a Historic Political Decision Taken by the Eurogroup

The Greek Prime Minister expressed his optimism that Greece will finally strike a deal with the country's European partners only a few hours ahead of the crucial Eurgroup meeting currently taking place in Brussels with the participation of the...

Greek PM Tsipras – German Chancellor Merkel Hold 'Constructive' Telephone Conversation

A constructive fifty-minute telephone conversation between the Greek Prime Minister Alexis Tsipras and the German Chancellor Angela Merkel was held on Thursday afternoon, only a few hours ahead of today’s crucial Eurogroup meeting in Brussels. According to a Greek...

Germany Rejects Greek Loan Agreement Extension Request

The German government has rejected the Greek loan agreement extension request, submitted earlier today. According to the German reasoning, Greece's proposal does not meet the Eurozone's conditions for continuing the aid program. Greece's request to the Eurozone aims at a...