Calamos Supports Greece

Cyprus crisis

Vladimir Putin Orders Cabinet to Study Restructuring Greek Cyprus Loan

President Vladimir Putin has instructed his government to negotiate the restructuring of a Russian bailout loan to Greek Cyprus, his spokesman Dmitry Peskov said on Monday. The announcement signals Moscow's support for a 10 billion euro ($13 billion) European Union...

Eurogroup Reaches Agreement on Cyprus Bailout

The Eurogroup has reached an agreement with the Cypriot authorities on the key elements necessary for a future macroeconomic adjustment programme. The Eurogroup has reached an agreement with the Cypriot authorities on the key elements necessary for a future macroeconomic...

Angry Cypriots Blow Up 'Bank of Cyprus' ATM

An explosion took place at a cash machine in Cyprus as last-minute talks begin aimed at saving the country's crippled economy. The home-made bomb exploded at a Polemidia branch ATM machine near the city of Limassol at around 12.30 a.m....

Greeks Split On Cyprus, Prefer Euro

Greeks are nearly evenly divided how they feel about their government's hands-off stance about Cyprus' financial crisis but an overwhelming number want their country to stay in the Eurozone, an opinion survey has found. Some 52.3 percent of respondents in...

Cyprus Leaders Head to Brussels

Cyprus President Nicos Anastasiades and party leaders are travelling to Brussels for critical talks with the EU on measures aimed at staving off bankruptcy for the island. The delegation was to depart at lunchtime and return to Cyprus late on...

Australian Press on Cyprus

According to the Australian press, the international economy is in anxiety because of the unpredictable turn of the Cypriot financial crisis after the Parliament's rejection of the deposits’ haircut proposal. The newspaper Australian Financial Review explores the causes of the...

Stournaras: Greek Lender Starts Acquiring Local Cypriot Operations

Greece's Finance Ministry said Friday that a Greek bank will immediately start acquiring the local operations of Cypriot banks in close cooperation with the island's central bank. "With this development, Greece is shielded (from the Cyprus crisis) as the total...

Merkel Warns Cypriots To Give In

German Chancellor Angela Merkel, whose country is insisting that Cypriot bank depositors help pay the cost of a crisis they didn't create, said that the Eurozone will not relent on that demand and warned Cypriots: "Don't try our patience."...

ECB Threatens Cypriot Bank Funds Cutoff

The European Central Bank (ECB) warned Cyprus on March 21 that it would stop providing emergency funding on March 25 unless the government finds a way to come up with 5.8 billion euros ($7.5 billion) to trigger a 10...

Eurozone Chief Says Cyprus Risk

With Cyprus frantically trying to find a way to keep its banks and economy from collapsing after rejecting a demand to confiscate up to 9.9 percent of bank deposits to help pay for a bailout, Eurozone Chairman Jeroen Dijsselbloem...