Calamos Supports Greece

EFSF

Bank of America: What Would Happen if Greece Doesn't Pay IMF Installment

If Greece doesn't pay the upcoming International Monetary Fund installment of 458 million euros due on April 9, a chain of unpleasant events will follow, says a Bank of America report. However, Greece will not go bankrupt in April. The IMF will...

Greek Gov't Explains Why Loan Agreement Extension Won't Pass in Parliament

The Greek government on Thursday presented to Parliament the document on the reasons why the extension of the loan agreement between Greece and the European Financial Stability Fund does not need to be voted in Parliament. The document was signed...

Euro Working Group: 1.2 Bln Euros from EFSF Frozen

The Euro Working Group discussion on the Greek issue ended shortly after 2pm on Wednesday, March 25. The Eurozone officials decided that Greece had no claim to the 1.2 billion euros that the country requested from the European Financial...

Eurogroup Asks EFSF to Assist Greece's 1.2-Billion-Euro Claim

Eurogroup President Jeroen Dijsselbloem has requested from the Euro Working Group and the European Financial Stability Facility (EFSF) to examine Greece’s request for a 1.2-billion-euro refund, linked to previous funds it received in order to capitalize its banking system. Athens...

EWG Emergency Teleconference Tomorrow to Discuss Greek Reform Proposals

A few minutes ago, Greek government sources have confirmed leaked information regarding a possible Euro Working Group (EWG) emergency teleconference to be held tomorrow, which will examine the Greek reform proposals and the country’s future financial support. The information,...

Greece Seeking Return of 1.2 Billion Euros from EFSF, Gov't Sources Say

The government is seeking the return to the Greek state of 1.2 billion euros from the European Financial Stability Fund (EFSF) and, according to government sources, the money may possibly enter the Greek state's coffers in the coming days. The...

ESM Approves Transfer of €555 Mln from HFSF to Greek State

The European Stability Mechanism (ESM) approved on Tuesday the transfer of 555 million euros from the Hellenic Financial Stability Fund (HFSF) to the Greek State, sources said. The funds come from the dividend payments of preferential shares that banks received...

European Commission President: Premature to Talk About Third Greek Bailout

His belief that the time is not yet right to discuss a possible third bailout package for Greece expressed European Commission President Jean-Claude Juncker today, highlighting that the focus of the talks between Athens and its European loan partners...

Spanish FinMin and EFSF: Memoranda Not Over for Greece

A third bailout package for Greece amounting between 30 and 50 billion euros is currently being envisaged by the Eurozone member-states' Finance Ministers, according to Spanish Finance Minister Louis de Guindos. As de Guindos highlighted, the terms of the third...

EFSF Extends Availability of Funds for Greece by Four Months

The availability of European Financial Stability Facility (EFSF) funds for Greece will be extended by four months, following a Friday decision by the facility's board of directors to amend the Master Financial Assistance Facility Agreement (MFFA) for the purpose. Instead...