Calamos Supports Greece

Bundesbank

Bundesbank Optimistic About the Future of Greece's Economy

Germany's Central Bank, the Bundesbank, expressed an optimistic outlook on the Greek economy on Monday, Reuters reported. The Eurogroup agreed to a three-year 86-billion-euro bailout deal on Friday. The German parliament will vote to approve the bailout program on Wednesday, with the result of...

President of Bundesbank: Debt Extension Proposal too Late for Greece

The president of Germany's Bundesbank says there can be a three-year extension on the maturities of a country's bonds if it requests a European Stability Mechanism bailout program. But the president says that it's too late for Greece to...

Bundesbank: 'Grexit Will Cause Deficit in Germany's Budget'

Bundesbank sent a warning to the German government regarding the consequences the Grexit would have to Germany’s economy. The exit of Greece from the Eurozone is likely to create “holes” worth billions of euros in Wolfgang Schäuble’s budget, warned Bundesbank...

Wednesday's European Central Bank Meeting Crucial for Greece

The European Central Bank meeting on Wednesday will be crucial for Greece as bank governors, such as Bundesbank's Jens Weidmann, will certainly ask for a warning message to be sent to Greece regarding liquidity. European bankers who hold a hard...

Bundesbank Report: Alarming Condition in Greece

Greece needs to fundamentally change its attitude in the current negotiation with its creditors, the German central bank warned in its latest monthly report on Monday. The Bundesbank said the bailout program expiring in June cannot be continued under the...

Bundesbank Chief says ECB is Not Greece 's Rescuer

The European Central Bank (ECB) should not be used as Greece’s rescuer, the head of Germany’s central bank Jens Weidmann told a German newspaper, warning that the decision for Greece’s future in the Eurozone is clearly political. Asked whether he...

ECB's Weidmann: Greece Has Lost a Lot of Trust

The chief of the Federal Central Bank of Germany (Bundesbank) Jens Weidmann told Reuters that the decisions regarding the funding needs of Greece lie with the European Union governments and Parliaments, rather than the European Central bank. Mr. Weidmann argued...

Bundesbank: Capital Tax First, Then Rescue

The latest financial report published by the German Federal Bank, “Bundesbank” argues that countries on the verge of bankruptcy should ensure the necessary funding for the survival of their state, firstly from the wealth of their citizens and afterwards...

Bundesbank Chief Dismisses Speculation over New Greek Haircut

Jens Weidman, chairman of the Bundesbank and board member of the European Central Bank (ECB), made it crystal clear that there is no possibility of a further haircut of Greece’s debt. He said that Athens is obliged to make...

Bundesbank Says Greece Needs New Bailout

According to the confidential report of Bundesbank, cited by the German magazine Spiegel, Greece will need another rescue package in 2014. In an internal document of the German Central Bank it said that that the European leaders must start immediately...