Calamos Supports Greece

George Provopoulos

Greeks Withdraw EUR700 Million in Cash Out of Bank Accounts‎

Greek depositors withdrew EUR700 million from local banks on Monday, the country's president said, and warned that the situation facing Greece's lenders was very difficult. In a transcript of remarks by President Karolos Papoulias to Greek political leaders that was...

Bank of Greece: Economy to Shrink 5 pct in 2012

Greece's economy will contract by a steeper-than-expected 5 percent this year, the country's central bank chief said in a speech to the bank's shareholders on Tuesday. The central bank in March had forecast a 4.5 percent contraction in the economy...

Provopoulos: Greek Banks May Not Need All of EU/IMF Aid

Greek banks hard-hit by the country's debt swap might not need all the aid earmarked by the EU and IMF to help them weather the crisis, central bank chief George Provopoulos was quoted as saying on Saturday. The European Union...

Provopoulos Says Return to Drachma Would Be Hell

Greece would suffer disastrous consequences if it ditched the euro for the drachma, the country's central banker said in a newspaper interview, warning that such a move would result in a massive devaluation. "A return to the drachma would mean...

Papademos Confident after Samaras Letter

The Greek Prime Minister, Lucas Papademos, has today praised the letter sent by the New Democracy leader, Antonis Samaras, to the President of the European Commission, José Barroso, the Eurogroup President, Jean-Claude Juncker, and the director general of the...