Calamos Supports Greece

Angela Merkel

Merkel and Sarkozy Urge Greece to Take Action as Default Risk Grows

ATHENS – Greece is nearing the cusp of defaulting on its loans and going under because its political leaders have failed to implement structural reforms as promised, a memo from the International Monetary Fund has warned, leading French President...

Merkel Warns on Second Greek Aid Package

German Chancellor Angela Merkel said on Monday it would not be possible to pay out the next aid tranche to Greece without rapid progress on its second rescue package, including the voluntary restructuring of Greek debt held by its...

Samaras Splits New Democracy Over EU Letter

A letter sent to European Union officials by New Democracy leader Antonis Samaras pledging his[...]

Samaras Gives EU a Letter, but Not a Contract

With pressure building on him to sign a bailout deal that would give Greece $175 billion more[...]

Report: Troika Backs Down to Samaras, No Signatures Needed

Reversing itself after insisting that leaders of Greece’s new coalition government would have to sign[...]

Greek Word Not Good Enough – Troika Wants it in Writing

ATHENS – Even before the dust settled down from the appointment of a new interim Prime Minister, Lucas Papademos, and a coalition cabinet charged with pushing through the Parliament a new bailout of $157 billion from international lenders and...

A New Ancient Greek Drama a Long-Running Flop

The machinations between Prime Minister George Papandreou, a Socialist whose two years in office[...]

Merkel Expresses 'Respect' for Papandreou Stepping Down

German Chancellor Angela Merkel on Monday expressed her "respect" during a phone call with Greek Prime Minister George Papandreou for his decision to step down, her spokesman said. "The chancellor, for her part, expressed her respect for the decision of...

Papandreou Scraps Bailout Referendum, Seeks Coalition Government

ATHENS – Faced with defections by his Finance Minister, Cabinet official and Members of Parliament of his ruling PASOK Socialist party, Prime Minister George Papandreou has quickly withdrawn his plans[...]

Greece’s Choice: In or Out of the Eurozone

As Greek Prime Minister George Papandreou was being cross-examined by European leaders on his stunning call for a referendum in his country on international bailout loans and the austerity measures he imposed as a condition, German and French officials...