Calamos Supports Greece

Evangelos Venizelos

Venizelos: Greece Has 24 Hours to Clinch Debt Deal

Greece has one day left to clinch a eurozone bailout and a bond swap with creditors to manage its crushing debt repayments, the finance minister said Saturday, warning that talks were "on a knife edge." "The moment is very critical,"...

Political Leaders Hold Off Talks Until Sunday

A meeting of Greek political leaders has been postponed for Sunday as there is still no agreement with the country's creditors over painful new austerity measures, a Greek cabinet minister said Saturday. "We are still at odds with the troika,...

Venizelos: Crisis-Hit Greeks Moved 16 Billion Euros Abroad

Greeks have moved at least 16 billion euros ($21 billion) in funds to foreign banks in the last two years, about a third of which went to Britain, the finance minister said on Friday. Evangelos Venizelos said that overall, depositors...

Venizelos: Private Creditors Could Take Loss Of More Than 70%

Greece's financial minister said on Tuesday that private creditors could see a loss of more than 70% in a debt swap, Reuters reported. "We are talking about a haircut on the net present value exceeding 70%," Evangelos Venizelos told lawmakers,...

"One Step" Away from Debt Swap Deal

Marathon negotiations between Greece and private creditors on a debt swap deal appeared to be in their final phase on Saturday, with Greek Finance Minister Evangelos Venizelos saying both sides were one step away from reaching an agreement. Prime Minister...

Police Arrest Woman for EU48 Million in Unpaid Taxes

Police arrested a 35-year-old woman in Thessaloniki, for non- payment of taxes amounting to 48 million euros, in an effort to clamp down on tax evasion. The woman operated a clothing company between 2006 and 2010, according to a statement...

Greek Debt Deal Seen By End Of Week

Greece may reach an agreement with private sector creditors on a debt writedown plan by the end of the week, a Greek Finance Ministry official said Wednesday. "All indications are that we might have an agreement by the end of...

Venizelos Aims for Debt Swap Offer Feb. 6 – Feb. 10

Greece will resume talks with the Institute of International Finance on Jan. 18 on a debt swap accord and aims to present the outline of the plan at a meeting of euro-area finance ministers on Jan. 23, Greek Finance...

Venizelos Says Debt Talks At 'Very Good Point'

Finance Minister Evangelos Venizelos said on Wednesday that talks with private-sector creditors on the country's debt-write-down plan have advanced and are "at a very good point." "We are ready for the next meeting, maybe tomorrow morning, with our friend, Charles...

Samaras Says Elections Should Be Held by Mid-April

The leader of Greece's conservative New Democracy party, which participates in the country's coalition government, said elections should be held before mid-April. The statement comes during a disagreement with the Socialists on when the country should go to the polls. In...