Calamos Supports Greece

Delia Velculescu

Creditors Arrive in Athens for Crucial Bailout Program Review

Greece's creditors arrived in Athens on Tuesday night in order to start the evaluation of the implementation of the bailout program with several issues still open. The heads of the creditors' missions - Declan Costello of the European Commission, Nicola...

IMF Returns to Greece on January 18 for Bailout Program Review

The International Monetary Fund (IMF) returns to Athens on January 18, represented by Delia Velculescu heading a ten member staff, in order to review the progress of the implementation of Greece's bailout program. According to Greek media, the Fund officials aim...

Creditors Return to Greece to be Briefed on Progress of Reforms

Mission chiefs of the quartet of Greece's international lenders will visit Athens briefly on Tuesday to be briefed about the progress of reforms, following the parliamentary approval of the legislation last week. Delia Velculescu from the International Monetary Fund, Rasmus Rueffer from...

Troika Meets with Greece's Finance and Economy Ministers on Friday to Continue Bailout Talks

The representatives of Greece's creditors will meet at 10:00 am on Friday with Finance Minister Euclid Tsakalotos and Economy Minister Giorgos Stathakis to continue negotiations over the country's third bailout program. The four representatives - Declan Costello from the European...

IMF Persists in Greek Debt Restructuring in Order to Move on With Rescue Plan

After calling the Greek government to approve controversial budget cuts and financial overhauls, the International Monetary Fund (IMF) made a strong reappearance, this time putting pressure on Eurozone's leadership, asking for a detailed debt restructuring plan for Greece in order to move...

Delia Velculescu to Become IMF Head Representative in Greece

The International Monetary Fund (IMF) is set to replace Rishi Goyal, head representative of the institution's technical team in Greece, with a person who has had experience in analyzing Greece's troubled economy before. Greek newspaper "Kathimerini" reported that Delia Velculescu will now be the one assessing Greece’s...

Delia Velculescu to Leave Cyprus IMF Mission

The IMF announced today the replacement of its Mission Chief to Cyprus, Delia Velculescu, by Mark Lewis. After two and a half years as IMF`s Mission Chief to Cyprus and as part of her regular career progression, Delia Velculescu will be...

Troika Finds Cyprus 'In Worse State than Expected'

International lenders assessing Cyprus's bailout needs found the economy in a "worse state than expected" and in need of painful adjustment in coming months, according to reports. Officials from the International Monetary Fund, the European Commission and the European Central...