Calamos Supports Greece

Greek debt crisis

Economist Krugman: I Would Vote 'No' in Referendum

Through a New York Times blog post published on Sunday evening, the Nobel Prize-winning economist Paul Krugman urges the Greek people to vote "no" in the upcoming referendum regarding their creditors' bailout terms. In his article, Krugman expresses his personal...

Obama and Hollande to Join Forces for Greek Crisis

United States President Barack Obama and French President Francois Hollande had a phone conversation on Monday, in which they reached an agreement to increase their cooperation in restarting dialogue on a Greek bailout program, a source close to Francois Hollande revealed. "They...

FT Journalist Spiegel Caught Juncker Lying About Greece

Financial Times journalist Peter Spiegel hastened to comment on the press conference Jean-Claude Juncker gave Monday saying that it is not true what the European Commission President said about pension cuts in Greece. Through his personal Twitter account, Spiegel accuses Juncker of...

Former IMF Chief Proposes Temporary Suspension Of Greek Payments

Former International Monetary Fund Managing Director Dominique Strauss-Kahn made his own suggestions about the Greek financial crisis urging Greece's international lenders to accept a temporary halt to debt payments. The former French finance minister presented his proposals to the public through a three-page declaration entitled...

Merkel Calls German Party Leaders Meeting On Greece

As Athens’ standoff with the European Commission, the International Monetary Fund, and the European Central Bank is taken to a dangerous new level, German Chancellor Angela Merkel has reportedly invited leaders of Germany's major parties to a meeting in Berlin on...

Paul Krugman: 'Greek PM Is Acting Wisely'

According to Nobel Prize-winning economist Paul Krugman, Greece seems to be doing the best thing it can under the current circumstances. Krugman thinks that Greek Prime Minister Alexis Tsipras is acting wisely because he has decided not to reach a decision single-handedly. In reality,...

German Foreign Office: Tourists to Take Plenty of Cash to Greece

In view of the current financial crisis, the German government has issued an unusual advisory regarding Greece. A statement posted on the website of the German Foreign Office on Sunday instructed German citizens planning to travel to Greece on vacation...

Foreign Media Reports After Tsipras-Juncker Meeting

The risk of imposing capital controls in Greece has increased considerably, according to a CNBC article which explains the reasons that led to this development. “Greece's economy and its banking sector are feeling the strain of the reforms-for-rescue deadlock...

Former Italian PM Monti: Greek Govt's Time to Play Games is Running Out

Italian economist Mario Monti, who served as the country's Prime Minister between 2011 and 2013, leading a government of technocrats during the Italian debt crisis peak, highlighted that Greece's time to "play games" is running out. As he said in...

Jean-Claude Juncker: Tsipras΄ Promises 'Unlikely to Be Kept'

European Commission President Jean-Claude Juncker said Wednesday that there could be a more flexible approach to Greece ΄s debt crisis but recent elections have not changed the fundamental situation. "Elections do not change treaties," Juncker said in an interview with...