Calamos Supports Greece

Bank of America

Bank of America: What Would Happen if Greece Doesn't Pay IMF Installment

If Greece doesn't pay the upcoming International Monetary Fund installment of 458 million euros due on April 9, a chain of unpleasant events will follow, says a Bank of America report. However, Greece will not go bankrupt in April. The IMF will...

Greece, 6 Bankruptcies in Less Than 200 Years

Greece has been the center of attention for over two weeks, after the January 25 elections. Foreign media, news agencies, government officials and investors are watching the new Greek government closely, criticizing its every move. Furthermore, people around the world...

BoA, Merrill Lynch, Capital Analysts on SYRIZA's Economic Plan

The SYRIZA economic plan is a joke, said Capital fund analyst Joerg Sponer, after the meeting of SYRIZA MPs Giorgos Stathakis and Yiannis Milios with 35 international banks and hedge funds in London. Bank of America/Merill Lynch followed shortly...

NBG Hires Advisers for Sale of Turkish Finansbank

National Bank of Greece (NBG) has hired other banks including Goldman Sachs, Morgan Stanley and Bank of America Corp to work as advisers on the sale of 40% of Turkish Finansbank, reported Bloomberg. NBG is planning on selling its shares...

Greece Locked out of Markets Until 2017 or even 2022

ATHENS – After stiffing investors earlier this year with 74 percent losses and still wracked by a deep recession, $460 billion in debt, and unable to raise revenues or collect from tax evaders, Greece seems unlikely to win back...

Greece Running Out of Money as Tax Collections Wane

ATHENS – The combination of political uncertainty and the fear that  Greece will be forced out of the Eurozone and return to the drachma have worsened the country’s ability to collect taxes, with revenues falling far short of expectations,...

If You Invested in Greece, Sucker – You Lost

ATHENS -The professional beggars in Greece, the gypsies who rent babies and drug them to elicit sympathy and money, the regulars who’ve perfected their patter and modus operandi to prey on people’s weak hearts and open their wallets, the...

Fund Managers Survey Says Greece Will Default

As Greek political leaders continue to insist the country will not default on its loans and will return to profitability by the end of next year, a Bank of America Merrill Lynch survey of global fund managers indicates that...