Calamos Supports Greece

Eurogroup

Greek PM: Agreements on Reforms to be Made During the Week

Greek Prime Minister Alexis Tsipras claimed that the Greek government will legislate all the necessary prior actions that will greenlight the disbursement of the additional bailout funds to Greece at this upcoming Monday's Euroworking Group. The Eurozone's finance ministers decided on...

EU Holds Back Payments for Greece as Key Reforms are Still Pending

Greece has until the end of the week to resolve the pending issues required for the first review of the bailout program that would unlock further financial aid and funds for bank recapitalization. "We await the finalization of all the...

Eurogroup Denies Disbursement of 2 Bln Euros to Greece Amid Incomplete Negotiations

Greek Finance Minister Euclid Tsakalotos was unable to convince his Eurozone counterparts to grant the provision of two billion euros of bailout funds to Greece, during Monday's Eurogroup in Brussels. This outcome was expected due to the deadlock between the Greek government and the institutions- the European...

Greece Falls Behind on Prior Actions Schedule, Tsipras Calls for Political Solution

Greece has fallen three weeks behind schedule on the prior actions schedule as Sunday's Euro Working Group teleconference failed to result in an agreement with creditors. Monday's afternoon meeting of Eurozone finance ministers will be almost entirely dedicated to Greece. However,...

Greek PM Tsipras: 'The Government Will Protect the Primary Residences of the Weak'

Greek Prime Minister Alexis Tsipras expressed the government's determination to protect the primary residences of citizens with weaker economic stability, during his speech before SYRIZA’s Policy Secretariat. According to party members, Tsipras said that the government will proceed by implementing...

Greece Not Likely to Get Bailout Tranche on Monday's Eurogroup

Greece's delay in negotiations over reforms required by the bailout program has left many issues still open, rendering the disbursement of the 2-billion-euro subtranche highly unlikely, according to European Commission sources. The cancellation of the Euro Working Group teleconference scheduled between...

Greek Govt Rushes to Find New Taxes to Fulfill Bailout Requirements

The SYRIZA-ANEL coalition government is rushing to find new taxes to present at Monday's Eurogroup in order to receive the 2-billion-euro subtranche of the bailout program. The new taxes that will be proposed are to replace the 23 percent value...

Moscovici: Eurogroup Likely to Greenlight 2 Billion Euros to Aid Greece in Bailout

A Eurogroup meeting on Monday is expected to approve the disbursement of a first sub-installment of 2.0 billion euros to Greece. Speaking to reporters during a news conference on Wednesday, Pierre Moscovici; EU Economic and Monetary Affairs Commissioner stated that after the...

Eurozone Official Hopes for Agreement on Greek Program by Nov 9

A top Eurozone official on Wednesday expressed the hope that Greek authorities and representatives of the institutions could reach an agreement by Monday, November 9 -- when a scheduled Eurogroup meeting in Brussels will take place -- to disburse...

Greece Needs to Complete Prior Actions by Monday for €2 Bln Tranche

European Commissioner for Economic Affairs Pierre Moscovici stressed that Greece needs to complete the prior actions by Monday's Eurogroup in order to receive the 2-billion-euro subtranche of the bailout program. Moscovici on Tuesday met with Finance Minister Euclid Tsakalotos and...