Calamos Supports Greece

Angela Merkel

Coalition Partners Talks Postponed For a Day‎

German Chancellor Angela Merkel told Greece on Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country's political leaders responded by delaying their decision for yet another day. Failure to...

Angela Merkel: Can’t Finalize Greek Aid Today

European leaders won’t finalize Greece’s second aid program today because talks with banks over debt reduction aren’t completed, German Chancellor Angela Merkel said. Leaders are also awaiting a European-International Monetary Fund assessment of Greece’s current needs and the status of...

Merkel Now Doubts That Greece Can Be Saved

ATHENS – After backing Greece to the hilt for nearly two years, and additionally ensuring the support of her country, which contributes the most to an ongoing attempt by international lenders to save Greece, German Chancellor Angela Merkel now...

Bloomberg: ECB Says "No" to Haircut on its Own Greek Debt

The European Central Bank remains firmly opposed to any restructuring of its Greek bond holdings, as the debt was acquired for monetary policy purposes, according to Bloomberg, citing two people familiar with the Governing Council’s stance. While the ECB faces...

PASOK Loses Support as Papandreou Clings to Power

ATHENS – As former Prime Minister George Papandreou’s PASOK Socialists have fallen to new lows in surveys that show the party is in danger of being overtaken by the Democratic Left and even the Communists, he said he will...

Germans Remain Optimistic and Continue to Give Economic Advice to Greece

ATHENS – As German Foreign Minister Guido Westerwelle arrived in Greece on Jan. 15 for talks with political leaders of the debt-crushed and cash-starved country, with a message of support from European officials, German Chancellor Angela Merkel said Greece...

Merkel: Greece Can Rebuild its Economy

Greece can rebuild its economy by itself with structural reforms, despite the austerity measures that have been imposed on the country, German Chancellor Angela Merkel said in a radio interview on Sunday. Merkel told Deutschlandfunk public radio that spending cuts...

Papandreou Changes His Mind, Refuses to Step Down as PASOK Leader

ATHENS – PASOK Socialist leader George Papandreou, who had promised to step down so that his party could have a new leader and candidate for Prime Minister in elections scheduled for April, said he won’t give up just yet...

Divide Emerges Between IMF and EU Over Failed Greek Austerity Measures

ATHENS – Some 21 months after Greece began to impose harsh pay cuts, tax hikes, slashed pensions and scores of thousands of layoffs of public workers in a desperate attempt to keep from defaulting on loans, although it is...

Merkel Says Greek Deal Needed Before Other Reforms

German Chancellor Angela says the euro zone’s top priority for the beginning of this year is to secure a second aid package for Greece. After meeting with the Italian Prime Minister Mario Monti in Berlin Merkel said the Greek...