Calamos Supports Greece

liquidity

IMF Official: Greek Elections Delay Bailout Tranche, Market Loses €800 Mln

International Monetary Fund official Poul Thomsen said that elections will cost Greece the delay of the next bailout tranche disbursement and deprive the market of 800 million euros in liquidity. Thomsen briefed the IMF board of directors on the Greek...

ECB Assesses Greek banks' Liquidity Condition on a Daily Basis‏

A European Central Bank board teleconference meeting on Thursday reassessed liquidity conditions in Greek banks. Bank sources told ANA-MPA that the Bank of Greece "took as much ELA it requested." However, there is no official information over if and how much...

How Greece’s Liquidity Problem Could Cause an Unplanned Grexit

By Panicos O. Demetriades, University of Leicester As Greece moves from one repayment deadline to another, you can be forgiven for thinking that the country’s main daily challenge is finding the money to pay its public sector workers and meet its...

Greece Decides on Measures to Get Cash Within May

The Greek government is on a race with time to legislate measures in order to reach a deal with creditors within May as it is running out of liquidity. After the latest statement by German Finance Minister Wolfgang Schaeuble that...

EC: Greece Must Reach Deal Before Cash Runs Out

Greece must rush to complete the fifth review in order to conclude negotiations and reach an agreement before it runs out of cash. That was the message sent to Athens after Monday's Eurogroup. Eurogroup President Jeroen Dijsellbloem said, "There is...

Cash-Strapped Greece Has to Pay €5.2 Billion in 19 Days

Greece's financial obligations until mid-April amount to 5.2 billion euros, while Europe is keeping the liquidity tap closed until the Greek government presents a comprehensive list of reforms to the next Eurogroup. By the end of March, 1.7 billion euros...

German Media: Liquidity in Greece Ends April 8

Greek coffers will be empty by April 8, said Frankfurter Allgemeine Sonntagszeitung Sunday report, citing European Commission experts in Athens. According to the report, Athens will be able to finance salaries and pensions until the second week of April. After that,...

Tsipras to Ask Top European Officials for Liquidity and Clarification of February Deal

Greek Prime Minister Alexis Tsipras will have a sidelines meeting with the leaders of Germany and France and top European Union officials today at the EU summit. Tsipras will ask for liquidity and clarification of the February 20th agreement. The...

Juncker Declines to Meet with Tsipras Before Eurogroup, Athens Refutes

With Greece facing a serious liquidity problem, Prime Minister Alexis Tsipras has asked for a meeting with European Commission President Jean-Claude Juncker. However, the European official replied that he will wait for Monday's Eurogroup results before he meets with...

Greek Gov't Tries to Secure Liquidity Without Pension and Wage Cuts

The Greek government is trying to find ways to secure liquidity until June without pension and salary cuts or extra contributions to security funds. With Monday's Eurogroup approaching, Greece's partners increase pressure through the European Central Bank. The Greek government...