Calamos Supports Greece

International Monetary Fund

Greek Government 'Surprised' by EC Intervention on Supreme Court's ELSTAT Probe

The European Commission wants the Greek government to take an official stand on press reports that the Hellenic Statistical Authority (ELSTAT) had rigged data to aid Greece's foreign creditors. EU Social Affairs Commissioner Marianne Thyssen, who overseas Eurostat, said...

IMF Study: Greece's Aging Workforce May Reduce Productivity

An IMF study places Greece in a high-risk category concerning the aging population over the next twenty years. At current rates, the age demographics will not assist efforts to reduce unemployment and increase competitiveness in an environment burdened with...

Scathing Report: IMF Watchdog Criticizes the Fund's Poor Handling of Greek Crisis

The International Monetary Fund's Independent Evaluation Office presented a scathing report on Thursday on the IMF’s handling of European bailouts. The findings show that it bent the rules and bowed to political pressure in the ill-fated Greek rescue in...

IMF Urges Greece to Open 'Closed Professions'

The International Monetary Fund proposed extensive interventions in the labor market to make it more “flexible” and limit youth unemployment according to its annual policy review of the Eurozone on Friday. The IMF warns that reforms achieved in the labor...

WSJ: Tsipras Doesn't Believe Greece Will Reach Budget Targets After 2018

  Prime Minister Alexis Tsipras said that Greece won't be able to achieve its primary surplus budget target when the current bailout program expires in 2018, reports the Wall Street Journal. "We guarantee that we are going to reach the...

Surprise from Lagarde: Let the Olympic Games Come Home to Athens, Permanently

While at the Aspen Ideas Festival in Aspen, Colorado, Christine Lagarde, Managing Director of the International Monetary Fund (IMF) shocked many with her response to an idea put forth by Kitty Boone, Vice President and Executive Director, Public Programs...

IMF Concerned Over Marinopoulos Supermarket Chain's Problems

International Monetary Fund Spokesman Gerry Rice commented on the gloomy news of Greek supermarket giant chain, Marinopoulos, seeking protection from its creditors under an article of Greece's bankruptcy code. Speaking at the IMF Bi-Weekly press briefing, Rice was asked...

Creditors Quartet Wants Greece to Hurry With Reforms to Avoid Brexit Backlash

A European official in Brussels told Greek journalists that the Greek government should accelerate efforts to adopt the economic program it has agreed to so that unnecessary consequences of the Brexit aren't felt in the country. Greece's daily newspaper,...

Delia Velculescu: IMF Wants Greek Debt Sustainability, Μeasures Aren't Enough

International Monetary Fund (IMF) representative Delia Velculescu said that Greek debt is not sustainable, during her address at the Economist Conference in Athens. "Greece needs substantial debt relief," she said, adding that the IMF is participating in discussions and...

IMF Chief: No Decision on Greek Debt Relief Yet

A new analysis of the sustainability of the Greek debt before the end of the year would determine whether the International Monetary Fund will participate in Greece's bailout program, said Managing Director Christine Lagarde. Speaking to reporters on the Greek...