Calamos Supports Greece

creditors

Greek FinMin: Creditors Must be Clear on Debt Relief Measures (video)

Greek Finance Minister Euclid Tsakalotos stated on Wednesday that creditors must come to a clearcut decision on the Greek debt issue. Speaking at an Economist forum entitled "Greece: A Comeback to the Financial Markets?" in Frankfurt, Tsakalotos said that, "Everyone...

Short-dated Greek Bond Yields Rise after Failure to Reach Debt Relief Deal

Greece's short-dated state bond yields rose sharply on Tuesday after Greece and creditors failed to agree on closing the bailout program review and debt relief measures, Reuters says. The Greek government urgently needs the next rescue loan tranche in order...

New Measures Required by Greece's Creditors Abolish 4 Welfare Allowances

Poorer households in Greece are hit by the new measures required by creditors as four welfare allowances have been abolished. The new austerity measures included in the omnibus bill voted in Greek parliament on Thursday leave out the four benefits...

The Parallel Reality of Greek State Television

If an outsider watched the news on Greek public television, they would think that Greece is already a country on the way to economic recovery and growth, governed by politicians with integrity, honesty and such love for the Greek...

Varoufakis: Tsipras Warned Me of a Goudi Coup

Former Greek finance minister Yanis Varoufakis said that Prime Minister Alexis Tsipras warned him that if he doesn't succumb to creditors' demands in the summer of 2015 there is fear of a new Goudi Coup. "Alexis Tsipras, in the summer...

EU Official: Greece has 50% Chance to Close Agreement on Monday's Eurogroup

A European Union official said that Greece has a 50% chance to come to a full agreement with creditors in closing the bailout program review by Monday's meeting of euro zone finance ministers, according to Kathimerini newspaper. The daily cites...

Greek Court Finds New Pension Cuts Violate European Human Rights Convention

A Greek court decided that the new pension cuts agreed by Athens and international creditors violated the European Convention of Human Rights. The new pension cuts are part of the prerequisites of Greece's bailout program as agreed on May 2....

Greece has to Legislate or Adjust 135 Prerequisites to Close Bailout Program Review

Greece has to legislate 77 measures and adjust 58 more in order to close the second bailout program review and receive the next loan tranche, according to a Kathimerini newspaper report. According to the report, there is a list of...

Fitch: Greece’s Preliminary Deal With Creditors Is Positive Step for Unlocking Aid

The preliminary agreement between Greece and its international creditors is a positive step towards unlocking funds that will enable the country to meet its July debt maturities, Fitch Ratings said in a press release on Thursday. It is also...

Greek Gov't Ready to Sign Fourth Memorandum with Creditors

Greece and international creditors are about to sign the fourth bailout agreement, in the form of four separate memoranda of understanding, with the required bills to be tabled for a vote in the House within two weeks. According to Proto...