Calamos Supports Greece

Christos Staikouras

Greece Repays IMF Bailout-Era Debt Two Years Early

On Monday, Greece repaid its bailout-era debts to the International Monetary Fund (IMF), some two years early, Finance Minister Christos Staikouras announced. Staikouras added in a statement, "A chapter that opened in May 2010, with Greece's recourse to the Fund...

EU Revises Growth Upward, to 7.1%, for Greece in 2021

The European Commission has forecast strong growth rates of 7.1 percent in 2021 and 5.2 percent in 2022 for Greece in its autumn economic forecasts, published on Thursday. The EU's executive revised its forecasts for 2021 upwards compared to those...

Greece Raises $3 Billion by Reissuing 5-Year and 30-Year Bonds

Greek Finance Minister Christos Staikouras announced the successful reissue of Greece's 5-year and 30-year bonds. These bonds allow investors to invest in the Greek government's sovereign debt for the next 5 or 30 years, depending on which bond they...

Greece Receives Record Demand for its Bond Sale

Greece received its strongest-ever demand for a bond sale and cemented its place as one of Europe’s most sought-after borrowers.

Greece Raises $3.6 Billion from Five-Year Bond Issue

Greece has raised approximately 3 billion euros ($3.6 billion) after the completion of a five-year bond issue on Wednesday. Greek Finance Minister Christos Staikouras welcomed the successful raising of the funds, which came at an almost zero interest rate, setting a...

S&P Upgrades Greece’s Rating and Outlook

S&P Global Ratings, the American credit rating agency, upgraded Greece’s sovereign credit rating by one notch on Friday, to "BB" from "BB-".

EIB to Help Manage Greece 2.0 Recovery Plan

The European Investment Bank agreed to help manage up to 5 billion as part of Greece’s implementation of the National Recovery Plan

Coronavirus Lockdown Costs Greece 750 Million Euros Per Week

The coronavirus lockdown is costing Greece around 750 million euros ($902 million) per week, Finance Minister Christos Staikouras said on Thursday.

Greece Receives Boosted Credit Rating from Moody's

Moody's, the bond credit rating agency, upgraded Greece's credit rating on Friday, giving the country's market a boost amidst the Covid-19 pandemic. The country's rating went from a B1 to a B3, signaling the possibility of economic recovery in the...

Greece Says EU Economic Response to Coronavirus 'Satisfactory'

Finance ministers of eurozone countries agreed on Thursday evening to to make €500 billion ($547 billion) available "immediately" to stimulate the EU economy that is hit hard by the covid-19 pandemic. The decision came after hours of deliberation between the...