Calamos Supports Greece

Klaus Regling

ESM Could Further Improve the Economic Conditions of the Greek Program

Member states will monitor the implementation of reforms by Greece and decide whether to enter into discussions on further debt relief, the general director of the European Stability Mechanism (ESM) Klaus Regling said during a conversation with MEPs of...

Eurogroup: Greece Must Implement Reforms as Cyprus Makes Progress

The Eurogroup that took place on Saturday discussed among other topics, the developments surrounding Greece and Cyprus. During a press conference after the meeting, Eurogroup President Jeroen Dijsslebloem said that the interim Greek Finance Minister Giorgos Chouliarakis informed his counterparts that the caretaker Greek government is...

Varoufakis: Tsipras was Disappointed by Referendum 'No' and Surrendered

Former finance minister Yanis Varoufakis said that Alexis Tsipras was disappointed by the "no" in the July referendum and decided to surrender. Varoufakis spoke on new Deutsche Welle television show Conflict Zone on Wednesday, a few days before Greek elections....

ESM's Klaus Regling Talks about Greek Debt in Interview with 'Delo'

The head of the European Stability Mechanism (ESM) Klaus Regling on Wednesday appeared confident that the ESM will not be greatly affected by the results of upcoming elections in Greece, despite having massive holdings in Greek debt. In an interview...

Head of the ESM Believes IMF Will Be Part of Greek Bailout

The head of the European Stability Mechanism Klaus Regling said he believes the International Monetary Fund will participate in the third Greek bailout, during a conference in Ljubljana, Slovenia on Monday. “It has not been defined to what extent the IMF...

ESM Approves Commencement of Greek Bailout Deal Negotiations

The European Stability Mechanism (ESM) Board of Governors decided on Friday that it approves -in principle- a loan program for Greece. This effectively means that the institution agrees that negotiations on the bailout deal should begin. The three-year cash-for-reforms program will give Greece...

ESM's Regling Warns of Greek Banking System Collapse Without Third Bailout

European Stability Mechanism (ESM) head Klaus Regling has warned of a collapse in the Greek banking system if the country does not secure a third bailout, saying this would have consequences for the entire Eurozone. "If everything fails, then the Greek...

EFSF Not to Demand Immediate Repayment of Greek Loans

The European Financial Stability Facility (EFSF) announced on Friday that it will not demand immediate repayment of Greece's loans, while it reserved the right to do so in the future. The decision was made in the wake of Greece's failure to...

EFSF Threatens to Cancel Loan Contracts, Demands Immediate Repayment of Greek Loans

The European Financial Stability Facility (EFSF) said on Wednesday that it is considering action that includes "accelerating" its loans to Greece and demanding immediate repayment, in the wake of the country's failure to pay an International Monetary Fund (IMF) loan installment. The full...

Creditors Give Greece Ultimatum and Deadline, All Outcomes Possible

Greece is facing an ultimatum by creditors and Prime Minister Alexis Tsipras is racing with time as a Eurogroup session is scheduled at 2:00 pm and the two negotiating teams must have reached a staff level agreement by then. Wednesday...