Calamos Supports Greece

Olli Rehn

Olli Rehn: New Bailout for Greece Not the Only Option

EU Economic and Monetary Affairs Commissioner Olli Rehn does not rule out Greece needing a third bailout package but the country΄s lenders have other options to keep its aid programme going, a Finnish newspaper quoted him as saying. German Finance...

Greece Beginning To Look Like Kosovo

With Greece's unemployment at a record 27.6 percent and 64.9 percent for those under 25, the British newspaper the Telegraph has likened the economic catastrophe to what Kosovo was like, comparing Greece to its northern neighbor. The Telegraph opened its...

Eurozone OK's Greek Bailout Loan

In a continuation of the constant cat-and-mouse game it plays with Greece, Eurozone officials on July 26 approved the release of a briefly-delayed 2.5 billion euro ($3.31 billion) overdue loan installment after the government approved amendments to complete its...

Greece On The Installment Plan

With no agreement between the Greek government and international lenders over lagging reforms, it now appears that continued aid to the country could be given out in smaller doses. Greece was hoping for release of an 8.1 billion euro ($10.6...

EU Says Greek Case Complex

An alarm has been raised in Brussels after the dramatic news came from Athens. According to EU sources, at the time of the Eurogroup meeting the rupture in the Greek government was not yet known. The EU officials, the Finance...

The Last Thing Greece Needs is a New Crisis

“The last thing Greece needs is the emergence of a new crisis,” the Finnish Vice President of the European Commission, Olli Rehn, stated before the European Commission for Economic and Monetary Affairs and the Euro. As far as ERT is...

Olli Rehn Accuses IMF of 'Washing its Hands' on Greece

European Union Economics Chief Olli Rehn had harsh words for the International Monetary Fund Friday as he responded to a report by the IMF criticizing the European Commission over the Greek bailout. "I don't think it's fair and just that...

Eurozone Economy Faces Another Bad Year

By VOA / Lisa Bryant - Hopes that the 17-member eurozone will finally emerge from its economic doldrums this year have faded, with new data Friday showing the recession in the euro area deepening even more than originally expected. There...

Rehn Won’t Rule Out Greek Minimum Wage Cut

The European Commissioner responsible for economic issues Olli Rehn, responding to questions in the European Parliament, said it's possible that the Greek minimum wage, already reduced to 586 euros ($761) a month could be cut again next year, although...

EU Says Greece On Target – So Far

Eurozone finance ministers meeting in Brussels on March 4 said they were satisfied that Greece has met "necessary milestones" in fiscal targets for February despite tax revenues being far off expectations, but said another check will be made for...