Calamos Supports Greece

banks

Greek Government to Subsidize Rent For 300,000 Poor Families

The Greek Ministries of Labor and Finance are expected to co-sign a framework to establish a rental subsidy plan for more than 300,000 families having low incomes. Applications for the new program will be submitted online, and the Greek Government's...

Greek Banks Ready To Agree on New Home Protection Plan

The Hellenic Bank Association is ready to agree with the Greek government on a new plan which aims to protect the primary homes of property owners. Just as importantly, the new  plan will not create any unwanted financial side-effects,...

Greece's Eurobank Buys Out Property Firm in €780 Million Deal

Greece’s third-largest lender Eurobank announced a deal on Sunday to buy Grivalia Properties in an effort to boost the bank’s capital and speed up the reduction of bad loans. The Athens News Agency says that the 780 million euro ($886...

Greece Eases Capital Controls, Raises Cash Withdrawal Limit

The Greek government has announced a further easing of capital controls effective from Friday. The withdrawal limit from bank accounts will be raised to €2,300 ($2,870) from the current limit of €1,800 per month and restrictions on opening new accounts...

IMF's Lagarde: Greece Now Better Equipped for Economic Growth

Greece is now better equipped to achieve economic growth in the future after the structural reforms it has implemented due to the bailout terms, the head of the International Monetary Fund (IMF), Christine Lagarde, told German broadcaster ARD. "We can...

'I Would Rather Demolish it!' Anger in Greece as Foreclosure Auctions Gather Pace

Increasing number of indebted Greek homeowners express concern about the fate of their property, despite assurances by the Greek government that primary homes will be protected. Foreclosure e-auctions, is perhaps the theme that could dominate the Greek political and social...

Eurogroup Chief: We Saved the Greek Banks but Overlooked Taxpayers

Outgoing Eurogroup chief Jeroen Dijsselbloem acknowledged on Thursday that Greece’s creditors put too much emphasis on saving the banks at the expense of ordinary taxpayers. In an exchange of views on Greece in the European Parliament's Employment and Social Affairs...

Greek Tax Authority Gets Data from Bank Deposits Abroad

The Independent Public Revenue Authority is expected within September to receive data on bank accounts held by Greek citizens in 49 countries. In exchange, Greek banks will send the data to the tax authorities of partner countries on accounts held...

New Development Bank will Fund Infrastructure Projects

The Greek government will set up a development bank to fund infrastructure projects, start ups, small businesses and export oriented companies, the government's economic policy council announced on Friday. The Hellenic Development Bank will be a state lender that...

2017's Low Deposit Rate Has Brought a 'Credit Negative' Event to Greek Banks, Moody's Says

Since the beginning of 2017, Greek bank deposits have been down, causing the international rating agency, Moody's, to call the first couple months of the year a "credit negative" event for Greece. Back in January, the Bank of Greece (BoG)...