Calamos Supports Greece

Greek Finance Minister

Greek FinMin Varoufakis: 'Greece Will Not Make IMF Payment'

Greek Finance Minister Yanis Varoufakis stated that Greece will not pay the 1.6-billion-euro installment to IMF, which is due today, Tuesday June 30, while speaking to journalists outside the Finance Ministry. However, the Greek government still hopes to reach a...

Greek FinMin: 'Greece Will Not Present New Reforms at Eurogroup'

Greek Finance Minister Yanis Varoufakis late on Monday said that the three institutions have different red lines. "It is one thing to negotiate with one institution and another thing to negotiate with three institutions that do not want the same...

Greek FinMin Varoufakis: "Europe Does Not Want 'Grexit'"

In an interview with BBC radio 4, Greek Finance Minister Yanis Varoufakis noted that Greece’s European partners will not eventually let the country leave the Eurozone. "German Chancellor Angela Merkel is not even considering the possibility of a Grexit," he...

Greek FinMin Varoufakis: 'No Agreement for a 1.0% Primary Surplus'

There has been no agreement between Greece and institutions for a 1.0% primary surplus, Finance Minister Yanis Varoufakis said in the Greek Parliament replying to a timely question from "To Potami" MP Haris Theocharis. "The government will not sign inconsistent and...

Varoufakis – Schaeuble Meeting Ends With No Concessions

There were no concessions during the meeting between Greek Finance Minister Yanis Varoufakis and his German counterpart Wolfgang Schaeuble, which took place today, June 8, in Berlin. The German Finance Ministry announced that there would be no press conference after...

VAT Rates Will not Change in Current Tourist Season

Greek Finance Minister Yanis Varoufakis promised to Alternate Minister for Tourism Elena Kountoura that VAT rates will not change in the current tourist season, said a Tourism Ministry announcement on Thursday. "Any change occurs in the tourist package in the...

Varoufakis to NYTimes: 'I am Terrified of the Greek Crisis'

A new article about Yanis Varoufakis, the "pugnacious economist" with the sardonic smile who has been screaming of the dangers of a humanitarian crisis in Europe, entitled "A Finance Minister Fit for a Greek Tragedy?", was published in the New...

Foreign Media Reports After Eurogroup Meeting on Greece

The talks about Greece have once again drawn the attention of foreign media reports, especially after the May 11 Eurozone Finance Ministers meeting. BBC published an article focusing on Greek Finance Minister Yanis Varoufakis’ warning that the country’s liquidity is sufficient for...

Greek Labor Day Action: Thousands of People and Ministers Participate in Rally

Downtown Athens is closed as of this morning, Friday, for strike rallies to commemorate Labour Day (May 1). Participants of a rally by the umbrella labor unions of Greece, GSEE of the private sector and ADEDY of the public sector,...

Greek FinMin Varoufakis Explains Why He Did Not Attend the Eurogroup Gala Dinner

The Greek Finance Ministry has issued a statement following a Reuters report on Greek Finance Minister Yanis Varoufakis, entitled “Isolated in debt talks, Greek finance rebel gets the cold shoulder.” The article claimed that Varoufakis has become isolated from his...