Calamos Supports Greece

creditors

Withdrawal of 500 Euro Bill

The Bank of Greece is closely monitoring the safes of Greek citizens after ECB's intention to withdraw the circulation of the 500 euro bill. Bank sources mention that one of the aims of this approach is to return amounts of...

Creditors Meet For Negotiations During the Weekend

The creditors' representatives will depart from Athens sometime between Sunday and Tuesday, announced a top member of the Finance Ministry, with many parts of the negotiation still being left open, as there was no agreement regarding the issues that...

IMF Still Disagrees With Greek Proposals on Bailout Program

Greece aims to come to an agreement with creditors on taxation, pensions and red loans by Friday, but the IMF remains strict on its demands on closing the fiscal gap. Athens wants to complete the bailout program evaluation as soon...

WSJ: Risk of Grexit Might Return in July

Greece might be at the risk of exiting the eurozone in July as the country has difficulty reaching the fiscal targets required by the bailout program on time, a Wall Street Journal analysis says. According to the report, the targets...

Creditors Arrive in Athens for Crucial Bailout Program Review

Greece's creditors arrived in Athens on Tuesday night in order to start the evaluation of the implementation of the bailout program with several issues still open. The heads of the creditors' missions - Declan Costello of the European Commission, Nicola...

New Measures Expected After Creditors Evaluate Greek Bailout Program

New measures worth 2-2.5 billion euros is the solution that the International Monetary Fund and European creditors are likely to agree on after the evaluation of Greece's bailout program. At the moment, the difference between the IMF and the European...

Greece's Program Evaluation Negotiations Stall

With Monday's Eurogroup approaching, there is no certainty as to when the progress of Greece's bailout program is to be evaluated, as the government is busy trying to handle the refugee crisis. Both sides speak of a quick completion of...

George Katrougalos Blames the IMF for the Delay of Pension Reforms

"The voting of the bill on pension reforms has been significantly delayed and this is due to IMF's stance and its unreasonable demands," Labor Minister George Katrougalos on Thursday said in statements to Praktorio 104.9 FM. The negotiation with the...

Crucial Meeting of Greece's Creditors in Brussels

Greece will be the main topic on the agenda in the meeting between the European Commission, the European Central Bank, the European Stability Mechanism and the International Monetary Fund on Wednesday in Brussels. The meeting has been arranged in order...

Evaluation of Greece's Bailout Program Progress Delayed

The evaluation of the progress of Greece's bailout program seems to be delayed further after Monday’s Euro Working Group ended without an agreement on when the lenders' mission chiefs will return to Athens. During a reportedly tense meeting, the differences...