Calamos Supports Greece

European Central Bank

Greek FinMin: We Can Borrow From Markets Without QE

Greece can borrow from the markets without the inclusion of its bonds in the European Central Bank's quantitative easing (QE), Finance Minister Euclid Tsakalotos said on Thursday. Even though Greece completed the second evaluation of the bailout program, the ECB...

Bloomberg: European Central Bank Unlikely to Include Greece in QE Soon

The European Central Bank is unlikely to include Greek bonds in its quantitative easing (QE) program for the foreseeable future, a Bloomberg report says. The ECB decision is based on the reluctance of European creditors to offer Greece substantial debt...

Report Says Greece Will Return to Markets When Borrowing Costs Fall Below 5%

  Greece will return to markets when its borrowing costs fall below 5 percent, a recent Reuters report says. This may happen if Greek bonds are included in its 2.3 trillion euro purchase program. This condition is primarily dependent on whether...

Athens to Seek Debt Relief Solution at EU Summit, Probably Loses QE Program

Greek government sources said late on Thursday evening that Athens would reject the solution proposed at the June 15 Eurogroup and transfer the issue to the June 22 EU Summit. The decision came after leaked statements by European officials who...

Draghi: ECB Waiting for Measures That will Make Greek Debt Sustainable Long-Term

The European Central Bank (ECB) is waiting for the measures that will make Greek debt sustainable in the long-term in order to decide on Greece's participation in the quantitative easing program, central banker Mario Draghi said on Monday, testifying...

European Official Expresses Sadness Over Terrorist Attack Against Former PM Papademos

European Central Bank Governor Mario Draghi expressed his sadness and sympathy on behalf of himself and all of the staff at the bank for former prime minister Lucas Papademos, following the terrorist attack against him on Thursday, according to...

Eurogroup on April 7 to Discuss Progress in Talks Between Greece and Institutions

Eurozone's finance ministers will be briefed on April 7 on the progress achieved in the ongoing negotiations between Greek authorities and the institutions on the second program review after the last meeting in March, according to the agenda of...

Greeks Withdraw €4 Bln in 2017 Amid Economic Uncertainty

Greeks withdrew 4 billion euros from banks since the beginning of the year amid the uncertainty generated by the stalling of negotiations om the bailout program review. At the end of 2016, total deposits of government, businesses and households in...

Where are the Greek State Gold Reserves Stored?

The Greek State gold reserves amounting to 149.1 tons are stored in Greece, Britain, the U.S. and Switzerland, according to the Bank of Greece. BoG assures Greek citizens that the 149.1 tons of the country's gold reserves worth 5.3 billion...

Berlin Takes Initiative to Facilitate Greece's Participation in QE Program

German Chancellor Angela Merkel has taken the initiative to help Greece enter the European Central Banks' quantitative easing (QE) program, provided that Athens agrees to implement fiscal measures amounting to 2% of GDP, a Kathimerini report says. According to the...