Calamos Supports Greece

Antonis Samaras

Greek Loan May Be On Hold Again

The Italian news agency ANSA, quoting European officials, said Eurozone finance ministers are unlikely to again – for the third time – act on a long-delayed $38.8 billion loan installment for Greece when they meet in Brussels on Nov....

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 Bailouts Cost Some, Gain Others

While Greece's crushing economic crisis has hurt many people - those suffering pay cuts, tax hikes, slashed pensions and who have lost their savings by investing in Greece - it's made a lot of money for some speculators, the...

Samaras Sucker Punches Greek Bond Holders

There’s a sucker born every minute, as P.T. Barnum may have said. And there’s a sucker puncher waiting for them, knowing that a fool and his money are soon parted. Such is the case in Greece, where Prime Minister...

Immigrants Riot in Greek Detention Protest

As Greece resumed its round up of people suspected of being unlawful immigrants, some 400 who were already in detention in a center in Komotini in northeastern Greece took their mattresses out and set them on fire to protest...

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...

Fading Greek Economy Shrinking 25%

A National Bank of Greece survey on the country's economy has found its Gross Domestic Product will have declined by an astounding 25 percent in a five-period through the end of 2013 as the country's deep recession continues. One in...

Greece's Small Bondholders Want Money Back

Investors who held small Greek bonds that were made nearly worthless after a previous government under then-Finance Minister Evangelos Venizelos imposed huge losses on them, protested outside the offices of current Prime Minister Antonis Samaras’ New Democracy Conservative party,...

Czech PM Asks Samaras About Spy Case

Czech Prime Minister Petr Necas discussed the case of two Czech men charged with spying in Greece with his Greek counterpart Antonis Samaras on the sidelines of the European Union' failed budget meeting on Nov. 22-23 and was reportedly...

Olli Rehn Sees Definitive Deal on Greek Aid on Monday

Greece has taken all the steps necessary to secure its next tranche of aid and euro zone finance ministers should be able to sign off definitively on the assistance on Monday, the European commissioner for economic affairs said on...