Calamos Supports Greece

Eurosystem

ELA for Greek Banks Dropped 700 Mln Last Month

Greek banks lowered their borrowing from the ELA mechanism and the Eurosystem in March to 59.7 billion euros, from 61.9 billion in February, the Bank of Greece said on Tuesday. The central bank, in its monthly accounts said Greek banks’...

Piraeus Bank Re-Initiates Interbank Repo Activity‏

, In a statement made on Monday, Piraeus Bank said its customer deposits totaled 38.1 billion euros at the end of September, of which 34.5 billion deposits were in Greece. The bank said that economic and political conditions in Greece showed signs of...

Greek 2014 Primary Surplus Revised Lower

Greece ’s primary budget surplus was revised downwards to 0.3 pct of GDP in 2014, from a budget target for a surplus of 1.5 pct of GDP, according to the government’s Economic Policy Program (EPP), a Greek finance ministry...