Calamos Supports Greece

Christine Lagarde

Bloomberg: 92% of European Economists in Favor of Greek Debt Relief

In a Bloomberg survey conducted from August 7 to August 14, 92% of 42 European economists argued that Greece should receive some kind of relief on its debt. With the 86-billion-euro Greek bailout deal officially approved from both Greece and its creditors, the...

Merkel Calls on IMF to Participate in Greece's Bailout

German Chancellor Angela Merkel said that there will be debt relief for Greece so that the International Monetary Fund participates in the country's third, multi-billion euro bailout. The IMF has expressed concerns over the sustainability of the Greek debt and is...

Tough Road Ahead for Greece, Eurozone After Bailout

German lawmakers are expected to vote Wednesday on whether to approve a third bailout for Greece. Both Greek lawmakers and eurozone finance ministers now back the deal, but hurdles remain before the Greek crisis is over. After long hours of...

IMF Chief: Agreement on Greece Is a 'Very Important Step Forward,' Debt Relief Needed

The aid program approved for Greece is a very important step forward, International Monetary Fund (IMF) Managing Director Christine Lagarde said in a statement on Friday, following the Eurogroup's successful conclusion earlier in the day. "The policy package specified in the Memorandum...

IMF's Lagarde: Greek Debt Restructuring Is Inevitable

International Monetary Fund (IMF) Managing Director Christine Lagarde has insisted that any new bailout program for Greece requires significant restructuring of the cash-strapped Eurozone nation's massive debt load. During an online press conference on Wednesday, Lagarde reiterated her view that any new...

Creditors to Arrive in Athens as IMF Asks for Official Invitation

The representatives of Greece's creditors due to arrive in Athens on Friday in order to start negotiations for the third bailout package have postponed their visit for Monday. The technical teams of the European Commission, the European Central Bank and...

IMF's Christine Lagarde: 'Greek Plan Not Viable Without Debt Haircut'

The IMF is willing to participate in the next Greek bailout program, provided that the Eurozone allows a debt haircut or restructuring, so that the debt becomes sustainable and the country can receive market financing, said the fund’s Managing...

Russian President Contacts IMF's Lagarde Regarding Greek Referendum Result

Russian President Vladimir Putin has contacted the head of the International Monetary Fund (IMF) Christine Lagarde on the telephone in order to discuss the outcome of the referendum in Greece , the Kremlin announced on Monday. "There was a discussion...

IMF Chief: The Fund Is Ready to Help Greece if Athens Requests It

The International Monetary Fund (IMF) is watching developments in Greece and is prepared to assist Athens, after voters shot down the bailout terms in a referendum on Sunday, IMF Managing Director Christine Lagarde said on Monday. "The IMF has taken note...

IMF Chief: Greece Must Reform Before Creditors Restructure Debt

Greece should reform its economy before European creditors restructure its sovereign debt, said International Monetary Fund (IMF) Managing Director Christine Lagarde, a day after the country's default on the Fund. Lagarde spoke to Reuters and hinted her frustration as she said that...