Greece
Calamos Supports GreeceCalamos Supports Greece

Greek Dept

Debt Relief for Greece Essential, Peterson Institute Working Paper Concludes

Greece cannot sustain primary surpluses exceeding 3.5 pct of GDP for more than three or four years at most and will therefore need additional debt relief from its European creditors, according to a study published on the Peterson Institute...

SYRIZA: The Alarm Clock That Will Wake EU Leaders

“SYRIZA is the alarm clock that will wake EU leaders out of their slumber,” party leader Alexis Tsipras told British TV station Channel 4. “What we demand,” he said, “is a European conference to tackle this European problem together, and...

Simitis President of Greek Republic in 2015?

Costas Simitis, former Greek prime minister (1996-2004) and PASOK leader, aims for the presidency of the Greek Republic in spring of 2015, according to his intimate circle. This is the reason behind his more and more frequent appearances in...

Merkel Acknowledges Germans' Frustration on Greece

Germany's chancellor says she understands the frustration felt by many Germans over the repeated bailout programs for Greece. But Angela Merkel also insists that helping debt-ridden Greece is in her country's self-interest because it helps stabilize the 17-nation eurozone on...

Fitch Upgrades Greece to ΄B-΄

Fitch Ratings upgraded Greece's long-term sovereign credit rating from 'Restricted Default' to B-, the lowest level before highly speculative territory, after the Hellenic country completed the private sector involvement (PSI) debt swap. The ratings agency notes a successful debt restructuring...

Greece Sells Airbus Jets to Reduce State Debt

Greece on Friday said it had sold four disused Airbus A340 jets to Miami-based aircraft traders Apollo Aviation for 40.4 million dollars (31 million euros) under an ongoing asset push for quick cash. A government statement said the sale had...

Papandreou Begs Greeks to Help Avert "Catastrophe"

In an interview with the weekly Proto Thema newspaper, Papandreou said the government was fighting to stop Greece defaulting on its debts but the road ahead was hard. "I would very much like to guarantee everyone an immediate solution, a...

Barroso: Greece Must Reduce Debts If It Is To Succeed

Greece needs to reduce its debts if it is going to come through the economic crisis, European Commission President Jose Manuel Barroso said Thursday. "If Greece is going to have success... it΄s better to reduce the debt than anything else,"...

Greek Deputy Mayor of Vienna Comforts Greece

Maria Vassilakoy, Deputy Mayor of the City of Vienna hopes that Greeks will be able to overcome current obstacles due to the ongoing economic crisis with courage, emphasizing that the recovery of Greece can come true very soon. Vassilakou states...

Slovakia Blocks Greek Rescue Fund

The Slovakian government has blocked plans to expand the European bailout plans, although international lenders are still expected to give Greece a loan next month. According to Reuters, Slovakia is the only country not to agree to grant the European...