Calamos Supports Greece

Evangelos Venizelos

Socialist Leader George Papandreou Steps Down as Snap Election Looms

Greek socialist leader George Papandreou on Saturday formally stepped down to enable his struggling party to elect a successor in time for a snap election expected next month. "The time has come for me to wage my battles from other...

Greek Debt Swap Sees 95.7% Participation With Clauses

The Greek government said it reached its target in the biggest sovereign restructuring in history, with a 95.7 percent participation rate among investors after it received approval to activate collective action clauses. Bondholders tendered 152 billion euros of Greek-law bonds,...

Greek Finance Minister: We are Ready to Activate CACs

Greek Finance Minister Evangelos Venizelos warned Athens' private creditors on Monday not to hold out but take the bond swap on which a second bailout of the debt-ridden country depends because it was the best deal they would get. Venizelos...

Venizelos: Bank Deposits Fallen by €70 Billion Since 2009

Greece’s finance minister says bank deposits in the country have fallen by €70 billion ($92.5 billion) since the start of the crisis in 2009. Evangelos Venizelos said in an interview with Antenna Television Monday that only €16 billion of the...

EU to Make Final Decision Next Week on Greek Bailout

Euro-zone ministers will have a follow up discussion next week to make a final decision on the second Greek bailout package, Finland and Germany's finance ministers said Thursday. German Finance Minister Wolfgang Schäuble said the teleconference to approve a second...

Venizelos: More Politicians and Relatives Took Their Money Abroad

The statement by the head of the authority to combat "black money", Panagiotis Nikoloudis, that a Greek MP took one million euros abroad in May 2011 was only the beginning, as Evangelos Venizelos said the information systems department of...

Parliament Debates Debt Deal Amid Protests

The Greek government braced for further anti-austerity protests Wednesday while the country's parliament was debating legal changes that would clear the way for a massive debt restructuring to keep Greece from defaulting on its loans next month. The legislation, which...

Greece Battles to Salvage Bailout Package

Greece's leaders battled to salvage a new 130-billion-euro ($170 billion) EU/IMF bailout on Wednesday, rejecting doubts over their commitment to a punishing austerity package just hours before a conference call of euro zone finance ministers. But with mistrust of Athens...

Jean-Claude Juncker: Eurozone Not Ready to Unlock Greek Bailout

Eurozone finance ministers warned Greece on Thursday that they are not yet ready to unlock a new debt bailout despite an agreement between Greek political leaders on new austerity cuts. Luxembourg prime minister, Jean-Claude Juncker, arriving to chair Brussels talks...

Leaders Face Crunch Talks as Unions Strike

Greek leaders face crunch talks on Tuesday to secure a new international bailout and avoid a chaotic debt default, caught between EU demands that they accept painful reforms immediately and a national strike against more austerity. Prime Minister Lucas Papademos...