Calamos Supports Greece

Jean Claude Juncker

Stournaras Wants Luxembourg's Greek Depositors

Following revelations of Greeks with secret bank accounts in Switzerland and Lichtenstein that still haven't been checked for possible tax cheats, Greek Finance Minister Yannis Stournaras said he wants similar information from Luxembourg, whose Prime Minister, Jean-Claude Juncker, was...

Juncker Blames U.S. For Europe's Woes

Former Eurozone chief Jean-Claude Juncker, the Prime Minister of Luxembourg, told an audience in Athens that the region's financial crisis - with Greece in the epicenter - started in the United States. Juncker blamed the Americans for their attitudes toward...

Troika To Squeeze Samaras Over Reforms

On the heels of the International Monetary Fund (IMF) admitting it vastly underestimated the effect of austerity measures in Greece demanded as part of bailouts, Prime Minister Antonis Samaras will have to negotiate tough new terms with the country's...

Juncker Says Cypriots Treated As Bandits

Former Eurozone chief Jean-Claude Juncker said a bailout deal that saved Cyprus' economy and banks from collapse had preserved the financial bloc but that the terms were so harsh and so much pressure was put on Cypriot officials that...

Juncker Says Cyprus Bailout Needed Now

With talks over a bailout for Cyprus going on for months, former Eurozone chief Jean-Claude Juncker said that a deal must be reached almost immediately because the island's government is nearly bankrupt because of its banks large expose to...

“Evzones” in Brussels Protest Austerity

Thousands of protesters rallied on March 14, in Brussels in order to express their opposition and anger against the austerity measures before all the EU leaders, who gathered for a summit to focus on investing in jobs. What really made...

Eurogroup Approves 9.2 Billion Euro Tranche for Greece

Eurozone finance ministers approved a 9.2-billion-euro loan tranche for Greece on Monday. Eurogroup - as expected - focused on who will preside over its regular meetings in the future. The ministers formally elected the Dutch Finance Minister Jeroen Dijsselbloem as...

Juncker Says Cyprus Worse Off Than Greece

The fiscal situation in Cyprus, the fifth Eurozone nation to seek a bailiout  is “more serious than Greece,” a danger overlooked by markets, the financial bloc's chief Jean-Claude Juncker said. “My priority in the short-term for 2013 is Cyprus,” Juncker...

Eurozone OK's Rescue Loans For Greece

It took a long time, but finance ministers of the 17-nation Eurozone, after months of wrangling with Greece, on Dec. 13 agreed to release a first series of 34.3 billion euros ($46.7 billion) almost immediately, and another 14.8 billion...

Juncker Says Greek Loan Coming

Eurozone chief Jean-Claude Juncker told reporters he's confident Greece will get final approval for a 34.4 billion ($44.7 billion) installment from international lenders when the bloc's finance chiefs meet in Brussels on Dec. 13. He would not comment on...