Calamos Supports Greece

Euro Working Group

EWG Gives Greece 24-Hour Deadline to Comply with Bailout Actions

The  Euro Working Group (EWG) meeting on Monday gave the green light for the disbursement of a 7.5-billion-euro bailout tranche to Greece provided that loose ends are tied up by Tuesday. The decision, based on a compliance report compiled...

Monday's Euro Working Group to Decide on Greece's Loan Tranche

The Greek government is rushing to close all pending bailout program prerequisites until Monday, when the Euro Working Group will decide whether to give the green light for the disbursement of the much-needed  loan tranche. In addition the completion of...

Europe-IMF Still Disagree over Greek Debt Relief Ahead of Eurogroup

The Euro Working Group session was completed late on Monday night in Brussels with European lenders and the International Monetary Fund still in disagreement over easing the Greek debt. According to a Kathimerini report, several issues remain pending before Greece's...

Greece's Creditors Disagree Over Ways to Ease Debt

The possibility of creditors reaching an agreement on easing the Greek debt before the May 24 Eurogroup is removed, according to a source close to the Euro Working Group talks. Several member states expressed serious doubts over the debt easing...

EWG Set for Staff Level Agreement on Greece

A meeting of the Euro Working Group (EWG) is taking place at this time in Brussels and is focused on reaching a staff level agreement on the completion of the program for Greece. The EWG meeting is believed to...

Eurogroup to Focus on Greek Debt Relief, Contingency Measures Mechanism

The contingency mechanism to correct fiscal divergence and Greek debt relief will be the focus of today's (Monday) meeting of euro zone finance ministers. Greece goes to the emergency Eurogroup in Brussels after the tax and security fund reforms were voted...

Greece Rushes to Complete Bailout Program Review by April 13

Greece is rushing to complete the bailout program review by April 13 so that the government can start discussing debt easing during the meeting of euro zone finance ministers April 15-17. Athens needs to close five pending issues before that...

Greece Can Expect Debt Restructuring, But Not Nominal Debt Relief, Head of Euro Working Group Says

The Grexit matter is completely off discussions, according to Thomas Wieser, head of Euro Working Group. Speaking to the Austrian newspaper WirtschaftsBlatt, Mr. Wieser said that no one wishes to bring up any more the prospect of a Grexit as...

Evaluation of Greece's Bailout Program Progress Delayed

The evaluation of the progress of Greece's bailout program seems to be delayed further after Monday’s Euro Working Group ended without an agreement on when the lenders' mission chiefs will return to Athens. During a reportedly tense meeting, the differences...

Greek Parallel Economic Bill Withdrawn

The Greek government was forced by international lenders to withdraw the  parallel economic program bill from parliament on Thursday, while the Euro Working Group was meeting on the completion of the 13 prerequisites for the approval of the 1...