Calamos Supports Greece

Greek bonds

Greek Deputy FinMin: Cash Reserves Transferred to BoG Account 'Fully Guaranteed'

The cash reserves of general government entities are fully guaranteed, Greek Deputy Finance Minister Dimitris Mardas said in Parliament on Friday, stressing that mayors, regional authorities and universities have no reason to fear the transfer of their 'idle'...

ECB to Accept Greek Junk Bonds if Athens Keeps to Reform Pledges

European Central Bank President Mario Draghi on Wednesday defended the ECB against criticism that it acted harshly toward Greece, but said the central bank is ready to reinstate a waiver on Greek bonds if Athens completes the bailout program. The ECB lifted...

German FinMin Schaeuble: I Feel Sorry for the Greeks, They Elected an Irresponsible Govt

German Finance Minister Wolfgang Schaeuble directly accused the Greek government for acting "irresponsibly" in terms of the ongoing negotiations with its European partners, just a few hours ahead of the critical Eurogroup meeting to be held today in Brussels. As he...

Five Bank of Cyprus Officials Prosecuted

Greek-Cypriot Attorney General Costas Clerides announced that five Bank of Cyprus officials are facing serious charges that could result to 20-year prison sentences. The Bank of Cyprus is the bailed in lender of the country whose economy faced difficulties in...

Greek Primary Surplus Target at Risk

A drop in tax collection and political uncertainty has made the target of 8.43 billion euros in state revenue very hard to attain, therefore putting the primary surplus target at risk. The target for the 2014 primary surplus was to have...

Athens Stock Exchange Recording Losses of 7.35% During Third Consecutive Day of Fall

New dramatic free fall recorded the Athens Stock Exchange (ASE), which sank to a new year low, amid the worsening climate in the markets due to political uncertainty, while the Greek 10-year bond recorded a worrying increase over 9%. The...

Biggest Athens Stock Exchange Drop Since 1987

In the maelstrom of political uncertainty - after the announcement of the acceleration of the Presidential election - moved today the Athens Stock Exchange (ASE), as concerns regarding the country's political developments seem to affect Greek banks. The main index lost...

Bond Markets React to the Possibility of Greece Exiting the Eurozone

International bond markets are very skeptical over the Eurozone's future, noted German newspaper Die Welt, as almost 12% of investors expect that at least one country will leave the common currency area, implying Greece. This skepticism can be the reason...

Greece Plans to Issue New Bonds

Greece plans to reopen its recent three and five-year bond issues in the next two weeks, to top them up by as much as 1.5 billion euros, accepting T-bills as payment instead of cash, a senior government source told...

Bloomberg: Athens Stock Exchange Among the Worst Performers

“Among the best-performing Europe gauges in 2013 after the government carried out the world’s biggest-ever debt restructuring, Greece’s ASE Index has become one of the worst,” Bloomberg reports. The stock market is slumping 21% as lenders from Piraeus Bank...