Calamos Supports Greece

Yannis Stournaras

Merkel Keeps Boot On Greece's Neck

In an ominous foreboding, German Chancellor Angela Merkel said if she wins re-election on Sept. 22 that she won't ease the pressure on Greece to keep imposing reforms if the Greek government wants her backing for continued rescue loans. Merkel,...

Stournaras Says No Haircut For Greece

Greek Finance Minister Yannis Stournaras, who has been relentlessly upbeat about what he believes will be a more rapid recovery for the Greek economy than do most analysts, said he envisions the country even being able to borrow from...

Samaras Says Reforms OK, Foreclosures Next

Prime Minister Antonis Samaras, in a meeting with key ministers on Aug. 20, said he wanted to prepare Greeks for the coming firing of public workers and the foreclosures of homes by banks from people who can't afford to...

Stournaras Forces Out TAIPED Chief Stavridis

Greek Finance Minister Yannis Stournaras on Aug. 18 forced the resignation of the head of the Hellenic Republic Asset Development Fund (TAIPED) Stelios Stavridis, who is overseeing a lagging privatization effort that has been a major disappointment in raising...

Stournaras Wants Troika to Cut Greek Debt

While many analysts contend that Greece won't turn the corner for years, Finance Minister Yannis Stournaeas, the country's champion cheerleader, said Athens will press its international lenders for debt relief beginning in November if a primary surplus can be...

No Plan B for Greece Says Stournaras

Greek Finance Minister Yannis Stournaras, who is placing all his bets on austerity and hopes for growth to offset a crushing economic crisis, said it had better work because there's no backup Plan B in place. Despite that, he said...

Cross-checking on Accounts of Self-employed

Greek Finance Ministry's monitoring staff are now turning their attention to the self-employed who had over 200,000 euros credited to their bank accounts last year as well as various entities with deposits or cash withdrawals of over 300,000 euros...

Samaras Sends More Austerity To Parliament

Prime Minister Antonis Samaras has forwarded to the Parliament that his coalition government controls a bill that imposes more of the austerity measures he vowed not to implement and which begins the process of firing redundant workers hired for...

Greece Needs More Cash This Year

An incoming series of 6.8 billion euros ($8.8 billion) in more international rescue loans should be just about enough to get Greece through the end of the year apart from another "trivial sum" to keep the country going, Finance...

Greece Says Troika Will Pay Up

A deadline set its international lenders to show progress on reforms has come and gone but Greek officials said they are confident a deal will be struck on July 8 ahead of a meeting with Eurozone officials to pave...