Calamos Supports Greece

agreement

Head of Parliament's Budget Office Testifies in Bailouts Probe, Sees 'Memorandums' Until 2018

Greece will most likely remain under "memorandum" regimes until at least 2018 unless there is an "honest agreement" with its creditors, the head of the Greek Parliament's Budget Office Panagiotis Liargovas said on Tuesday. He was testifying in an...

Greek Debt Crisis: Cabinet Members Offer Nice, Utopian Alternatives

Another crucial meeting between Greek officials and lenders over the Greek debt ended in a fiasco followed by vague statements such as "we are on the final stretch" or "we will meet again in the next few days." The impasse in...

EC President: Greece Can Get €35 Bln Until 2020 if Reforms are Implemented

European Commission President Jean-Claude Juncker said on Thursday that he is prepared to make new concessions on the deal proposal for Greece. Furthermore, he said that Greece can get 35 billion euros for its real economy if Athens is...

Greek FinMin Varoufakis: A Solution Will be Found Before the End of the Month

"A solution will have been found before the end of the month," Greek Finance Minister Yanis Varoufakis on Thursday said in statements to Parapolitika radio station. As the negotiating process comes to an end, creditors adopt a stricter stance,...

ECB's Draghi Calls for 'Strong Agreement' With Greece

Following the European Central Bank's Governing Council meeting on Wednesday, Mario Draghi called for a "strong agreement" between Athens and its bailout lenders, saying the central bank wanted Greece to stay in the euro. "A strong agreement is one that...

SYRIZA Parliamentary Group Meets to Discuss Negotiations

SYRIZA lawmakers have asked for an emergency Parliamentary Group meeting to discuss the progress of negotiations and the proposed plan presented to creditors for an agreement. The initiative was taken by the so-called SYRIZA's left platform led by Productive Reconstruction,...

Eurogroup Chief to Join Talks Between Greek PM Tsipras and EC President

Eurogroup President Jeroen Dijsselbloem will participate in emergency talks between Greek Prime Minister Alexis Tsipras and European Commission President Jean-Claude Juncker on Wednesday evening in Brussels. Tsipras will present Juncker with a 47-page plan of proposed reforms, while Juncker will...

Greek PM Tsipras: I Will Only Discuss Greece's Proposal

Greek Prime Minister Alexis Tsipras made an optimistic statement shortly before his departure for Brussels where he will discuss Greece's proposal with creditors. Tsipras said: "I'm going to Brussels to discuss the Greek government's draft deal," noting that there is...

IMF Chief: Deal is Up to Greece Now

International Monetary Fund Managing Director Christine Lagarde told the board of directors of the fund that an agreement over the Greek debt is entirely up to Greece now. Lagarde briefed the IMF board on her discussions with top European officials...

Greek Economy on Downward Slope in May, Despite Slight Improvement in Some Sectors

The Greek economy went again on a downward slope in May, according to a survey by the Foundation for Economic & industrial Research (IOBE). The economy index fell to 91.4 points, compared to 92.7 points in April. The new, negative...