Calamos Supports Greece

debt relief

Greek Deputy FinMin: We Knew Debt Measures Would be Clarified at the Program's End

"We knew that debt relief measures would be clarified at the end of the bailout program," said Greece's Deputy Finance Minister Giorgos Chouliarakis on Wednesday. Speaking at an Economist conference in Lagonissi, Athens, Chouliarakis said that Greece needs to reach...

Greece Gets the Same Deal It Rejected Six Months Ago at Higher Cost

The "proud negotiations" that Alexis Tsipras keeps talking about were completed on Thursday night with Greece agreeing to prolonged austerity measures and without getting what the prime minister has been promising Greek people ever since he set foot in...

Greek Economy Minister Calls Behavior of German FinMin 'Dishonest'

Greek Economy Minister Dimitris Papadimitriou has called German Finance Minister Wolfgang Schaeuble "dishonest" for denying debt relief for Greece despite his acknowledgement that Athens has made progress in reforms, according to Reuters. Papadimitriou gave an interview with German newspaper Die...

EU's Moscovici Optimistic that 'Fair Solution' on Greek Debt Relief Can be Reached at Next Eurogroup Meeting

In an interview published in the Funke group German newspaper on Wednesday, European Union Currency Commissioner Pierre Moscovici said that he is anticipating a deal to be reached between Greece and its international lenders in the next Eurogroup meeting...

Greek Debt, Quantitative Easing Out of the Eurogroup Agenda

Despite Greece's high hopes, debt relief and inclusion in the European Central Bank quantitative easing program are two issues that will not be discussed in Thursday's Eurogroup. The only thing that Athens will get in the meeting of euro zone...

French FinMin Le Maire Optimistic that Greece's Debt Relief Could Be Linked to Growth

On Monday, following a meeting with his Greek counterpart Euclid Tsakalotos, France's finance minister, Bruno Le Maire, seemed quite optimistic regarding the potential of a good outcome of Thursday’s crucial Eurogroup meeting scheduled to take place in Luxemburg. The meeting will...

Moscovici on Debt Relief Program: Greece’s Creditors 'Shouldn’t Play With Fire’

EU Economic and Financial Affairs Commissioner Pierre Moscovici said on Thursday that Greece's European creditors "shouldn't play with fire" in regards to the country's debt relief program, according to Reuters. The statement came after Athens pleaded its case to its lenders...

OECD: Greek Economy to Grow 1.1 Percent in 2017, 2.5 Percent in 2018

Greek economy is expected to grow by 1.1 pct this year and by 2.5 pct in 2018, the OECD said in its Global Economic Outlook report released on Wednesday. Referring to Greece, the Paris-based organization said the country's primary fiscal...

Creditors to Disburse Loan Tranche to Greece, But No Debt Relief Discussion

Greece's European creditors and the International Monetary Fund are to disburse the next loan tranche to Greece but the debt relief issue will not be discussed in the June 15 Eurogroup, according to a Real.gr report. The report says that...

Handelsblatt: IMF's Lagarde Offers Eurozone Greek Debt Compromise

A new offer by International Monetary Fund Managing Director Christine Lagarde may get Greece's creditors out of the impasse they are in which will allow for the euro zone to release a tranche of aid, says a Reuters report. Lagarde's...