Calamos Supports Greece

Eurogroup

PM Tsipras Slams Eurogroup, Creditors; Urges Greeks to Vote 'No' in Referendum

During a heated session at the Greek parliament that is currently voting in order to approve a referendum proposal by the Greek government, Prime Minister Alexis Tsipras slammed the negotiations practice that Greece's creditors followed. Addressing the Greek parliament, Greek PM...

Greek FinMin Varoufakis: The Agreement Proposed was not Sustainable

They did not propose a sustainable agreement, Greek Finance Minister Yanis Varoufakis said in a press conference after Saturday's Eurogroup. Varoufakis noted that the creditors' proposal would not pass in the Parliament, adding that the government does not have a mandate to take...

Tsipras: Whatever Decision the Eurogroup Makes, the Greeks Will Survive

Whatever decision the Eurogroup takes, the Greek people will still have oxygen next week, they will survive, Greek Prime Minister Alexis Tsipras said in phone contacts with German Chancellor Angela Merkel and French President Francois Hollande on Saturday, according to...

Eurozone Ministers Reject Greece Bailout Extension

The finance ministers of the eurozone have rejected a Greek request to extend the deadline of its bailout program until after a planned July 5 referendum. Eurozone officials, said the finance ministers would continue meeting in an informal session without...

Eurogroup Head: Greece has Closed Door on Further Talks

Arriving to the meeting, Eurogroup head Jeroen Dijsselbloem told reporters that he was very negatively surprised by Greek government’s decision to call a referendum adding that Athens has closed the door on future talks. In the same line, Germany’s...

Eurogroup: Strengthening the Euro after Greece Negotiations Break Up

When Greek Minister Yanis Varoufakis left the Eurogroup after the break-up of the negotiations, the remaining Eurogroup members held an informal meeting to discuss how to further strengthen the EMU and help the euro area to overcome the legacy...

U.S. Treasury Secretary: 'Greece And Its Creditors Risk Fate'

Greece and its international creditors are tempting fate by repeatedly testing deadlines over deals to extend the Greek bailout program, U.S. Treasury Secretary Jack Lew said in an interview to Yahoo Finance editor-in-chief Andy Serwer on Friday. “The risk of an accident goes up the...

European Commission President: 'Saturday Is Crucial For All Europeans'

Saturday will be a crucial day not just for Greece but for Europe as well, European Commission President Jean-Claude Juncker said on Friday during a joint press conference with European Council President Donald Tusk, following the summit meeting in...

Greece's Creditors to Propose 5-Month Extension Deal with €16.3 Bln Funding

Greece’s creditors are to propose a five-month bailout program extension and 16.3 billion euros of funding to resolve a standoff with Prime Minister Alexis Tsipras’ government, says a Reuters report. The proposal by Greece’s three creditor institutions -- the International...

The Greek Proposal and Differences with Creditors

The Greek proposal that was tabled on Thursday's meeting of Eurozone finance ministers is published on the website of Kathimerini daily, showing the concessions Athens has made to secure an agreement with lenders. Two texts were presented at Thursday's Eurogroup:...