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Citigroup: Grexit Back on Table With Escalation of Crisis in 2018

Global banker Citigroup published its monthly report on global prospects in which it notes that political uncertainty has returned to Greece. The report puts the possibility of a back on the table. The recession in Greece is expected to continue...

Citigroup Puts Grexit Back on the Table for Next 1-3 Years

Citigroup's forecast for Greece has put the danger of a Grexit back on the table. The Global Economic Outlook and Strategy report for globalists points to a deepening recession in store for Greece with political uncertainty and chances of...

'Grexit' Is Passe, Citigroup Introduces 'Grimbo' to Crisis Lexicon

Forget the monotonous term "Grexit" that has occupied thousands of newspaper pages throughout the years of the crisis, Citigroup Inc. economist Ebrahim Rahbari adds yet another word to the recession's lexicon. It was him that in 2012 coined the term...

Citigroup: What Might a SYRIZA Govt Mean for Greek Equities

U.S. based multinational banking and financial services corporation Citigroup is examining what a SYRIZA government might mean for Greek equities, taking in account the upcoming presidential election in Greece and the risk of early general elections which might bring...

Lamda Preferred for Ellinikon Airport Project

Monday’s meeting of the HRADF Board unanimously declared Lamda Development SA the preferred investor for the acquisition of 100% of Hellinikon SA shares, after the positive feedback from the Council of Experts. This followed the submission of fairness opinions from...

Citigroup: Recession in Greece Will Continue Until 2015

According to Citigroup's new report, the recession in Greece will continue until 2015, while the Greek debt and the unemployment rate will increase. Citigroup mentions that only an Open Systems Interconnection (OSI) model can put Greece in a sustainable fiscal path. As...

Citigroup to Close Nearly Half of Branch Network in Greece

Citigroup Inc is to shut almost half its branch network in Greece, where retail banking activity has dried up because of the country's debt crisis. Citi, the last major international bank with a countrywide presence in Greece, will cut its...

Citi: Greek Eurozone Exit Less Likely

Citigroup changed on Friday its view that Greece will almost certainly leave the euro, saying key eurozone players seem to have decided a Greek exit would do more harm than good. The U.S. bank lowered its probability of a “Grexit”...

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...

Citigroup Inc: Citigroup Sees Greek Exit On January 1, 2013

“Greece will leave the euro zone on January 1, 2013 and its new currency will immediately fall by 60% against the euro, unleashing a sizable and unavoidable wave of contagion across Europe,” according to a report published by Citigroup...