Calamos Supports Greece

Angela Merkel

Merkel Acknowledges Germans' Frustration on Greece

Germany's chancellor says she understands the frustration felt by many Germans over the repeated bailout programs for Greece. But Angela Merkel also insists that helping debt-ridden Greece is in her country's self-interest because it helps stabilize the 17-nation eurozone on...

Germany Gives Green Light to €44bn Package to Greece

Germany’s lawmakers have agreed to forgive some of its loans to Greece. Fears that the country’s default would hurt the whole EU bloc overshadowed an almost a €1bn price tag for Germany. Out of the total 584 MPs 473 voted...

German Media Lashes Ceaseless Greek Bailouts

A new bailout deal for Greece approved by Eurozone finance ministers and the International Monetary Fund (IMF) is being celebrated by Prime Minister Antonis Samaras as a triumph, but German media accused its government of lying over the real...

Europe Mulls Greece "Haircut" in 2015

Eurozone finance ministers are considering a possible "haircut" for Greece in 2015, imposing losses on its international lenders, a German newspaper reported on Nov. 25, in a bid to reduce the debt mountain of the recession-wracked country. Other Eurozone countries...

Greek Default Could Cost the Germans

German chancellor candidate Peer Steinbrueck warned in a newspaper interview released on Saturday that German taxpayers could get stuck with a large bill if Greece were to default on its loans. Steinbrueck told Bild am Sonntag newspaper that Germany has...

Samaras Sees Hope for Loan Deal

After being upstaged when Eurozone finance ministers couldn’t agree on releasing a long-delayed $38.8 billion loan installment to keep Greece’s economic alive, Prime Minister Antonis Samaras said after a European Union budget meeting failed that he believes the monies...

Samaras in Brussels, Merkel Says Loan Coming

Greek Prime Minister Antonis Samaras was in Brussels on Nov. 22 for the start of a two-day meeting of European Union leaders on the region's budget where he was expected to meet Eurozone chief Jean-Claude Juncker and push for...

Greek Loan Heads for German Parliament

With Greece still twisting in the wind and waiting for international lenders, including the Eurozone, to approve a long-delayed $38.8 billion loan installment, the German Parliament will put it to a vote next week. Greek Prime Minister Antonis Samaras had...

ECB's Asmussen: Greece to Need Aid Beyond 2014

Greece will need yet more international financial assistance beyond the agreed bailout programs through 2014, a European Central Bank board member said Sunday. The government in Athens probably won't be able to return to finance its debt on financial markets...

Greek Exodus to Germany Up 78%

While many Greeks suffering through the country’s crushing economic crisis blame Germany for being the biggest instigator of austerity measures to go along with bailout loans, the number of Greeks heading there soared in the first six months of...