Calamos Supports Greece

creditors

Greece: How to Default on Sovereign Debt

By Odette Lienau The financial brinkmanship over Greece’s debts has raised the question of whether (or when) the country will default. To be sure, it would be far better for Greece and its creditors to reach a negotiated solution. But...

EU-Athens: Attempting to Bridge the Gap

Away from the limelight and the media, Greek Alternate Foreign Minister for International Economic Relations Euclid Tsakalotos and Greek State Minister Nikos Pappas attempted to bridge the gap between Greece and its creditors, and pave the way for the...

Moody's and JP Morgan Talk About Capital Controls Due to Large Outflows

Moody's and JP Morgan warned that the continuing outflow of deposits from Greek banks has significantly increased the risk of Greek authorities imposing capital controls to limit them. Indeed this would be a credit negative event for Greek banks. According...

Greek Parliament VP: Creditors' Text Manifesto of Social Genocide

Parliament Vice-President Alexis Mitropoulos estimated on Monday, during a statement to ANT1 TV, that Greece's creditors are not going to retreat in their negotiations with Athens. "I have the feeling that the creditors will not retreat, that we are in...

IMF: 'We Did Not Suggest Greece Bundles the Payments into One'

The standoff between Greece and its international creditors is heating up after the Greek government's decision not to make the €300 million payment to the International Monetary Fund (IMF) on Friday and wrap June’s four payments into one due at the end...

Greek Dep Min: We'll Go to Elections if Creditors Insist on Austerity

Deputy Social Security Minister Dimitris Stratoulis stated that Greece will go to snap elections if lenders insist on austerity measures in order to sign a financial aid agreement. "The lenders want to impose hard measures. If they do not back...

Greek PM To Resume Talks With Creditors in Hellenic Parliament

Greek Prime Minister Alexis Tsipras will hold a Parliament representatives meeting on Friday at 6 pm local time in order to resume talks with international creditors regarding the Greek government's agonizing efforts to reach an agreement that will release €7.2bn...

Tsipras: Deal Is Not Reached Yet Because of Creditors' Intransigence

Greek Prime Minister Alexis Tsipras said it is not Greece's fault for not reaching a deal yet but creditors are to blame because of their intransigence. "If we have not reached an agreement with our partners, it is not...

Greece Willing to Make Concessions to Secure Agreement

The Greek government is willing to make concessions by pushing back its anti-austerity program in order to secure an agreement with creditors, Greece's interior minister said. As loan repayments loom large and state coffers are emptying at an alarming rate,...

SYRIZA MP: Greece Is Prepared for All Possible Scenarios

SYRIZA Parliamentary Spokesperson Nikos Filis said that Greece is seeking a deal with lenders but is also prepared for all possible outcomes in negotiations. Filis spoke to Mega television on Friday saying that the government is taking all precautions to...