Greece
Calamos Supports GreeceCalamos Supports Greece

Angela Merkel

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official and Members of Parliament of his ruling PASOK Socialist party, Prime Minister George Papandreou has quickly withdrawn his plans[...]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...

Papandreou’s Referendum Call Rattles Markets, Threatens Bailout

Greek Prime Minister George Papandreou’s surprise announcement will ask voters to decide the fate of international bailout loans and his wobbly Administration through a referendum sent shock waves through the markets, rattling Wall Street, angering European leaders who just...

Papandreou to Meet With G-20 Leaders Tomorrow in Cannes

Prime Minister George Papandreou will travel to Cannes tomorrow to discuss developments in Greece with leaders of the Group of 20, a Greek government official said. Papandreou, who spoke with German Chancellor Angela Merkel today, is travelling to the meeting...

The Rest Of Europe Is Fuming At Greece Right Now

French President Nicolas Sarkozy was reported to be “dismayed” by the news that Papandreou would call a referendum on the bailout deal. Sources close to Sarkozy said, “The Greek’s gesture is irrational and, from their point of view, dangerous.”...

German Parliament Leader "Irritated" by Greek Referendum

A leader in Chancellor Angela Merkel's center-right coalition said on Tuesday he was "irritated" to hear Greek Prime Minister George Papandreou had called a referendum on the EU bailout deal for his country. Rainer Bruederle, parliamentary floor leader for the...

French Fin Min: Merkel, Sarkozy To Announce New Greek Haircut On Oct 23

French Finance Minister Francois Baroin said Saturday that euro zone leaders will announce the extent to which private sector creditors will write down their Greek bonds at a summit in Brussels slated for next Sunday. Baroin said that significant progress...

Venizelos Talks Tough to Would-Be PASOK Rebels

ATHENS – Finance Minister Evangelos Venizelos reiterated that Greece will do whatever it takes, including following the demands of the European Union-International Monetary Fund-European Central Bank Troika lending the country $152 billion to stay afloat, and challenged private dissenters...

EU Mulls 60-per-cent Greek Debt Cut as Merkel, Sarkozy Meet

Eurozone members were considering a possible Greek debt write-down of up to 60 per cent, German negotiators told dpa on Sunday, hours before German Chancellor Angela Merkel was due to meet French President Nicolas Sarkozy for talks in Berlin. Sources...