Calamos Supports Greece

Eurozone

Greece Will Not Cede Budget Control to EU

Greece will not cede control over its budget to the European Union as has been proposed by Germany as a condition for a second bailout, Greek government sources told AFP on Saturday. "There is effectively a 'non-paper' that was presented...

Greece’s Investors Reluctant to Take a Bath

ATHENS – Only a day after Greek officials said they were optimistic about reaching an agreement with banks and investors to write down as much as 50 percent of the country’s debt, reports said many are balking at the...

Drachma or Euro

One of the questions that is going through the minds of the citizens of Greece these days is, if Greece will return to the drachma currency or stay with the euro currency. The Japanese bank Nomura has calculated that...

Greece Gets it Loan, but Worries Mount Faster

ATHENS – After weeks of anguish, Greeks found out that international lenders providing the country with a series of bailout loans will release a delayed $11 billion installment needed to keep paying workers and pensioners, but it curiously did...

S&P Expects Greece To Stay In Euro

Greece is expected to remain in the Eurozone, said the head of sovereign ratings of Standard & Poor΄s on Wednesday. "Our base case scenario is that there will be the same membership of the Eurozone in 12 months time," David...

EU Commission Calls for More Measures

Despite expectations to the contrary, the European Commission asks for additional Greek measures in its report published on Thursday on the European Union's economy as daily Kathimerini writes. Brussels expects Greece's budget deficit this year to amount to 8.9%...

Roesler Refuses to Rule Out Greek Euro Exit

Germany's Economics Minister Philipp Roesler has declined to rule out debt-strapped Greece's withdrawal from the euro, in an interview published Monday. Roesler told the daily Bild newspaper that Greece has no alternative but to press on with tough reforms to...

Pissarides: Greek Decision to Hold a Referendum Detrimental for Eurozone

Cypriot Nobel economics laureate Christopher Pissarides has said that Greece decision to hold a referendum on its latest rescue plan will prove to be detrimental for the eurozone. Speaking from London, Pissarides said the new developments created after the Greek...

Fitch: Greek Referendum Poses a Threat to the Eurozone's Financial Stability

Ratings says that the announcement by the Prime Minister of Greece of a public referendum to approve the economic and financial conditions associated with the new EU-IMF programme, including the debt restructuring under the 'private sector involvement' (PSI),...

Eurozone New Deal Won't Last Three Months, Says Soros

George Soros has said that he thinks the Eurozone deal will only last a short time, from one day to three months. Soros makes a number of telling points. The first being that for all the talk of the “50%...