Greece
Calamos Supports GreeceCalamos Supports Greece

Dimitris MArdas

Greek Gov't Officials Reassure Lenders the Country Can Meet its Obligations

In an attempt to reverse the negative climate created primarily by foreign media reports, numerous government officials are sending out the message that Greece has enough cash to make the International Monetary Fund (IMF) 450 million euros repayment, due...

Greece-EU Negotiations to Continue Until Late April With No Pressure, Greek Officials Say

The Greek government has signaled an end to the alarm regarding the possibility of running out of cash if an agreement is not reached with its partners until April 9, when it is scheduled to repay some 450 million...

Greek Deputy Finance Minister Mardas: We Are Ready to Pay IMF on April 9

Greek Deputy Finance Minister Dimitris Mardas  expressed his optimism today that Greece will be able to repay a loan tranche of 450 million euros to the International Monetary Fund (IMF), ruling out scenarios that the country will run out...

Greek Deputy FinMin Sees Agreement with Creditors on Wednesday

Greek Deputy Finance Minister Dimitris Mardas in statements to Greek television said that he sees an agreement with the country's creditors on Wednesday. He estimated that creditors are not going to delay the negotiations. "I see an agreement tomorrow," he underlined. Regarding the country's cash...

German Govt and Media: Greece Hasn't Sent a Complete Reforms List

Totally clear to what Greece should do to receive the financial aid appeared today German Finance Minister Wolfgang Schaeuble's spokesperson Martin Jaeger. As he said, the Greek side has not yet submitted a complete list of proposals to the...

German Chancellor Asked Greek Prime Minister to Reduce Pensions

German Chancellor Angela Merkel asked Greek Prime Minister Alexis Tsipras to reduce pensions, said Deputy Finance Minister Dimitris Mardas. Speaking on Greek television on Monday, the Deputy Minister referred to the recent meeting of the two countries' leaders in Berlin and the...

Greek Govt Seeking Liquidity Assistance from Social Security Funds, Hospitals and Farmers

His belief that there are alternative solutions to liquidity problems in March expressed a senior Greek financial official just before the Government Council for Economic Policy meeting that was earlier concluded under the presidency of government Vice President Giannis Dragasakis....

Greek Deputy FinMin: €11 Bln Fiscal Gap by June

Just days after Greece's agreement with its European loan partners, government officials express concerns that there will be fiscal gaps in the 2015 budget and a need for further aid. A few hours earlier, German Finance Minister Wolfgang Schaeuble made the...

Greece Faces 1-Bln-Euro Tax Shortfall in January

Greek tax revenue in January 2015 was one 1 billion euros short of reaching the expected target (23%), causing a major setback for the newly elected government. According to Finance Ministry data, Greece only had 3.49 billion euros in tax revenue in...

Deputy FinMin: Greece's Debt Rose to 185% of GDP in 2014

Greece's public debt increased to 185% of GDP in 2014, Deputy Finance Minister Dimitris Mardas said in a press briefing on Wednesday, presenting figures from the state's General Accounting Office. He expressed his concern over the debt's upward trend, stressing that it...