Calamos Supports Greece

Lagarde

Greece Hopes for Delayed Loan Today

Eurozone finance ministers on Nov. 26 will consider for the third time in three weeks whether to sign off on a long-delayed $38.8 billion loan installment Greece needs to keep its debt-crushed economy from crashing, but could face yet...

Greek Loan May Be On Hold Again

The Italian news agency ANSA, quoting European officials, said Eurozone finance ministers are unlikely to again – for the third time – act on a long-delayed $38.8 billion loan installment for Greece when they meet in Brussels on Nov....

Greek Bailouts Cost Some, Gain Others

While Greece's crushing economic crisis has hurt many people - those suffering pay cuts, tax hikes, slashed pensions and who have lost their savings by investing in Greece - it's made a lot of money for some speculators, the...

Samaras in Brussels, Merkel Says Loan Coming

Greek Prime Minister Antonis Samaras was in Brussels on Nov. 22 for the start of a two-day meeting of European Union leaders on the region's budget where he was expected to meet Eurozone chief Jean-Claude Juncker and push for...

Lagarde Says Greece Needs Solution

As Greece waits fretfully for whether Eurozone leaders this week will release a delayed $38.8 billion installment needed to keep the country’s economy afloat, International Monetary Fund (IMF) chief Christine Lagarde said a permanent answer must be found to...

Greek Coalition Reels, Awaits EU on Loan

Prime Minister Antonis Samaras is struggling to keep his uneasy coalition together in an attempt to present a united front before Eurozone finance ministers meet on Nov. 20 to consider approving a long-delayed $38.8 billion loan installment, and as...

Acquitted Greek Journalist Prosecuted Again

Investigative journalist Costas Vaxevanis, who was acquitted of violation of privacy laws after publishing the names of 2,059 Greeks with $1.95 billion in secret accounts in a Swiss bank he said hadn’t been checked for possible tax evasion, is...

Commerzbank Says Greece Can't Sell Write-Down

While debt sustainability is precondition for aid payments, IMF chief Christine Lagarde is demanding that the European Union and European Central Bank - its partners in $325 billion in two bailouts for Greece - write off much the country's...

Prosecutor Probing Venizelos, Papaconstantinou

Former finance ministers from the PASOK Socialist party, George Papaconstantinou, and Evangelos Venizelos – now the party’s head – will be investigated by Parliament to determine whether they were criminally negligent for failing to vet a list of 2,059...

Vaxevanis Says Greece Hiding Corruption

A Greek journalist acquitted of violating privacy laws for publishing a list of 2,059 depositors with $1.95 billion in a Swiss bank being kept secret by the government, said the country’s political and rich are trying to muzzle the...