Calamos Supports Greece

Eurogroup

Greece's Bailout Exit to Dominate Eurogroup Gathering

The countdown for talks leading to Greece's completion of its fiscal adjustment program will begin at a Eurogroup Working Group (EWG) meeting on Thursday. Thursday's meeting will open discussions on Greece's growth strategy following the program, a topic on the...

Eurogroup Decides to Disburse €5.7B Sub-tranche to Greece by End March

Eurozone finance ministers decided on Monday that the third review of Greece's bailout program is complete and the €5.7 billion sub-tranche is to be disbursed by the end of March. The Eurogroup decision will now pass through the parliaments of...

Greece Preparing Post-Bailout Plan for Eurogroup

Greece's government will present a new development plan for the post-memorandum period at the next Eurogroup on April 27 in Sofia. According to a senior government official, the plan is for Greek "ownership" and will have three recipients: the institutions,...

No Discussion of Greek Debt Easing on Monday's Eurogroup

On Monday's Eurogroup, eurozone finance ministers will not discuss Greece's debt easing, nor the supervision of Greek reforms after the bailout program ends in August, according to a Kathimerini newspaper report. The report says that technical discussions have not progressed...

EU: Greece Needs to Close Pending Prerequisites before Disbursement of Loan Tranche

Greece needs to complete three important prerequisites before the EU disburses the next loan tranche of €5.7 billion euros, a European official said, according a Kathimerini report. The loan tranche will be disbursed upon the condition that all requirements of...

Greece Planning €19B 'Safety Net' to Avoid More Loans

Greece is drawing up plans for its own €19-billion ‘safety net’, to avoid the need for more credit from international lenders, Athens' finance minister has said. Euclid Tsakalotos said the government wanted a clean break from its bailout program later...

Greece Still Faces Painful Reforms Despite Bailout Funding

Monday's Eurogroup meeting concluded that the Greek government needs to implement  88 prior actions for its third bailout review to be completed, 15 of which remain outstanding. Among the most painful of the actions in the list presented to the...

Online Auctions Overshadow Greek Bailout Progress

Monday's crunch Eurogroup meeting may have praised Athens for legislating 95 of 110 “prerequisites” needed to access bailout funds but stressed the need for online auctions before a next loan tranche is disbursed in February. Greece’s government has committed to...

Eurogroup Asks Greece to Complete All Prerequisites, Welcomes Overachievement of Fiscal Goals

The meeting of euro zone finance ministers was completed on Monday, with peers urging Greece to legislate the remaining prerequisites for the completion of the third review of the bailout program. Greece has still to complete 15 of 110 required...

Eurogroup to Declare End of Bailout Review, but No Cash Tranche Yet

The Greek government has invested heavily in a smooth conclusion of the third bailout review and Monday's Eurogroup meeting is expected to confirm that, but it is also expected to hold off on the 6 to 7 billion euro...