Calamos Supports Greece

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IMF Report Damps Optimism Over Greece's Growth Prospects

The International Monetary Fund (IMF) has dampened optimism over the medium- to long-term prospects for the Greek economy as the country prepares to complete its third bailout in three weeks time. According to the Fund's debt sustainability analysis which was...

Tsipras Dons Tie, Then Removes it in Symbolic Gesture on Greek Debt Deal

Greece's prime minister, Alexis Tsipras, celebrated the conclusion of a deal with Eurozone ministers on debt relief by addressing his cabinet officials wearing a necktie in public for the first time. In an event broadcast live on Greek public TV, Tsipras...

Critics Pour Cold Water on Greek Debt Deal

Amid the hype over Greece's debt-relief deal struck with the Eurogroup on Thursday, dissenting voices have emerged, critical of the agreement which is said to chart Greece's exit from its international bailout. At home, Greece's main opposition party, New Democracy,...

Will Greece's Tsipras Finally Wear a Tie?

The Greek government is preparing an event on Friday evening to celebrate the agreement reached by Eurozone ministers on debt relief and a cash payout, paving the way for the country's bailout exit in two months’ time. Reports suggest that Prime Minister...

Eurozone to Move on Greek Debt With or Without IMF: Reports

IMF agreement will not be necessary for a June 21 meeting of eurozone ministers to back Greek debt-repayment measures, it was claimed on Tuesday. Media reports citing an unnamed EU source in Brussels stated that Thursday this week would see...

Greece Outperforms Primary Surplus Target for Third Year in a Row

Greece has recorded a primary surplus of 4.0 percent of GDP, or 7.080 billion euros, in 2017, according to data released on Monday by country’s independent statistics agency (ELSTAT). This is the third year in a row that Greece outperforms...

Greek Debt Rises in Third Quarter of 2017, Says Eurostat

Greece's public debt totaled 177.4 percent of GDP in the third quarter of 2017, up 1.3 percent compared with the second quarter of the year, but down 0.5 percent in comparison with the third quarter of 2016, Eurostat said...

New Eurogroup Chief: Debt Relief for Greece Only After Completion of Program

Greece needs to fully complete its current bailout program before the country receives any relief on its huge debt pile, the new Eurogroup president told CNBC. Speaking to CNBC in an exclusive interview, Mario Centeno, the incoming chief of the...

Greece: Deal on Debt will Come 'Very Soon'

The Greek government believes a deal with international creditors on its current debt pile is just around the corner, potentially paving the way for the embattled euro zone economy to finally stand on its own. "I think we will achieve...

The First Settlement of Debt to the State Through Extra-Judicial Means Now a Reality

An unnamed company became the first entity in Greece to settle its debts to the state and restructure through an extra-judicial mechanism, Ministry of Finance sources said on Friday. The case concerned a bilateral negotiation for debts to the national...