Calamos Supports Greece

European finance ministers

Eurogroup Meeting Suspended Without Reaching Agreement

While European leaders are preparing for the summit, the European finance ministers Eurogroup started its second meeting in less than 24 hours. Both sides presented their reform proposals, however they were not able to reach an agreement and resolve...

IMF Wants Eurozone to Take a €40 Billion Haircut on Greek Debt

The International Monetary Fund wants euro zone finance ministers to agree to cut Greece's debt by 20% of GDP now (equal to €40 billion) and commit to further cuts later in order to put the country’s debt in a...

Rehn Seeks to Lock Down Greek Debt Deal Next Week

The European Union’s top economic commissioner said euro leaders need to lock down an agreement on tackling Greece’s debt by next week as regional finance chiefs defended their response to the sovereign debt crisis. EU Economic and Monetary Affairs Commissioner...