Calamos Supports Greece

Greek bailout

World's Bankers Say Greek Bailout Risky

The powerful international bank lobby Institute of International Finance (IIF) has  warned that Greece's newly revamped bailout program still faces large risks as long as the economy continues to contract sharply, with more austerity measures expected to make it...

Tsipras Demands Greek Debt Conference Like Post-War Germany

Greece's main left-wing opposition leader Alexis Tsipras called Thursday for a one-off international conference to write off Greek debt similar to a 1953 London deal on German war reparations. Tsipras made the call during a press conference at the European...

Greece Will Need Third Bailout, Says Greece's IMF Rep

Greece will need a third arranged bailout with its international lenders after falling far short of its austerity programme targets, an IMF official told the Wall Street Journal in an interview published by Dow Jones Newswires. The Euro fell sharply...

Greece to Begin Review of Public Sector Entities

Greece's prime minister Monday said the government would begin an immediate review of the country's bloated public sector with the goal of closing and merging state entities as part of its efforts to cut government spending and slash red...

Christine Lagarde: Too Soon for Extension of Greek Bailout Terms

In high-stakes deals on the Street, the side with the leverage usually demands "show me the money first, then we'll talk." But in the rarefied and much higher-stakes world of desperate sovereign borrowers and multilateral lenders of last resort...

Eurogroup Jean Cloaude Juncker Says Memorandum Will Remain ‘Intact’

Eurozone chairman and Luxemburg Prime Minister, Jean-Claude Juncker, warned Greece that extra leeway does not mean revisiting the whole bailout program. In fact, he stated that the memorandum terms will remain more or less the same in his interview...

Merkel: Greece Must Stick to Bailout Terms

German Chancellor Angela Merkel is insisting that Greece must implement the reforms it agreed to in exchange for rescue loans from international creditors. German news agency DAPD reports that Merkel said at the Group of 20 summit in Mexico that...

IMF Approves its Greek Bailout Contribution

The International Monetary Fund says it has approved €28 billion in funding for crisis-hit Greece over the next four years. An IMF statement says the executive board's decision Thursday allows for immediate release of €1.65 billion of these funds as...

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...

Germans Oppose Greek Bailout: Poll

Germans overwhelmingly oppose further aid for Greece, according to an opinion poll released on Sunday, one day ahead of a vote in parliament on a new Greek bailout package where Chancellor Angela Merkel may be forced to rely on...