Greece
Calamos Supports GreeceCalamos Supports Greece

HFSF

Greek HFSF Stability Fund Board Members Tender Resignations

Members of the Hellenic Financial Stability Fund have tendered their resignation to be made effective on July 18, 2016. The decision was made so as to ease the future choices concerning the role that the HFSF will play in...

ESM Releases 2.71 Bln Euros for Recapitalization of National Bank

The European Stability Mechanism (ESM) board of directors decided to release 2.71 billion euros to Greece to recapitalize the National Bank of Greece,  on Tuesday. This amount will be subtracted from the funds designated to cover potential resolution and recapitalization costs of...

Bank Recapitalization Fund: Capital Requirements to Be Announced by End Oct

The capital requirements of the Greek banking system will be announced by the end of October, after the completion of the European Central Bank’s (ECB) stress tests, so that recapitalization can be completed by the end of the year,...

Appeals Justices Order 35 to Stand Trial in Postbank Bad Loans Case

The Appeals Justices' Council ordered 35 people, on Tuesday, to stand trial for bad loans issued by TT Hellenic Postbank before its liquidation in 2013, including the bank's former head Angelos Filippidis. In their indictment, the justices said that all...

Eurogroup Asks EFSF to Assist Greece's 1.2-Billion-Euro Claim

Eurogroup President Jeroen Dijsselbloem has requested from the Euro Working Group and the European Financial Stability Facility (EFSF) to examine Greece’s request for a 1.2-billion-euro refund, linked to previous funds it received in order to capitalize its banking system. Athens...

Greece Seeking Return of 1.2 Billion Euros from EFSF, Gov't Sources Say

The government is seeking the return to the Greek state of 1.2 billion euros from the European Financial Stability Fund (EFSF) and, according to government sources, the money may possibly enter the Greek state's coffers in the coming days. The...

Outgoing Bank Chief Says Greece Needs Growth Now

Departing Bank of Greece Governor Giorgos Provopoulos said that the only way out of a lingering economic crisis for Greece now is growth, not just the austerity measures the government imposed, and that he backed, during a lingering economic...

PASOK In Panic Over Papandreou Defiance

PASOK's once-dominant Socialist party is in almost completely disarray in the aftermath of its former leader and previous Greek premier George Papandreou in an almost-open rebellion against the current leader, Evangelos Venizelos. Papandreou voted against a key banking article in...

Greek Parliament Rams Through Reform Bill

The Greek Parliament, by a vote of 152 to 135, in the early morning hours of March 31 approved a critical reform bill needed to release a delayed nine billion euro installment from international lenders, but only after vehement...

Milk Fight Rebels Relent, Bill Passage Seen

Backed by a warning from its international lenders that the next installment would be yanked if there are any changes to an omnibus bill going before the Greek Parliament on March 30, the government has brought would-be rebels upset...