Calamos Supports Greece

Double Hit for Greece

wieser-schaeubleThe man who knows the Eurozone’s economic situation better than anyone, Thomas Wieser — the Austrian Euro Working Group chairman — has repeatedly stood by Athens helping to reach compromise solutions during difficult times.
Thomas Wieser noted that the public had underestimated the Eurozone’s common desire for cooperation and trust, when asked about whether the Eurogroup came close to imposing capital controls or a Grexit. Meanwhile, he also criticized the Greek government on the issue of settlement of overdue debts saying it was an “unfortunate choice.”
However, Wieser connects such options with Athens’ liquidity problem and the difficulty in finding the necessary funds to meet the financial needs of March and April.
He also requested clear information regarding the Greek government reforms proposal, which needs to be approved by their partners, while at the same time meeting internationally accepted practices.
During an interview with German tabloid Bild, German Finance Minister Wolfgang Schaeuble once again warned Athens about its next moves.
Schaeuble sent a clear message to the Greek government, stressing that the ball is now in their court, and that Alexis Tsipras has the floor. The partners are waiting for Greece’s next moves and the strict adherence to the agreement.
Finally, he did not fail to mention once again that Greece would receive no further aid if it did not keep its promises.

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