Greece
Calamos Supports GreeceCalamos Supports Greece

loans

Reports Say Greek Banks to Axe Up to 4,000 Jobs in 2019

Greek banks are expected to cut up to 4,000 positions during the year 2019, various outlets in the Greek media reported on Monday. Most of the reductions, as has happened in the past, are not expected to come through outright...

EuroWorking Group Approves Greece's Request for Early Repayment of IMF Loans

  According to Greece's state-run AMNA news agency, the EuroWorking group finally gave the green light on Thursday to Greece to repay part of its IMF loans early. Today's meeting of the Eurozone countries in the EuroWorking group approved the Greek...

Greece Formally Requests Early Repayment of Expensive IMF Loans

The Greek Finance Ministry sent to the European Stability Mechanism (ESM) on Monday evening the government's proposal for the repayment of part of the loans Greece has received from the International Monetary Fund (IMF). There has not yet been an...

Greece Planning Early Repayment of "Expensive" IMF Loans

Greece's Finance Minister Euclid Tsakalotos on Tuesday confirmed that Greece is planning an early repayment of loans it received from the International Monetary Fund (IMF). Speaking to "Radio Thessaloniki 94.5," Tsakalotos noted that the IMF loans are "very expensive debt." He pointed...

Bankers and Party Employees To Face Charges Over Questionable Political Funding

Bank executives and employees of the New Democracy and PASOK parties will soon face criminal charges, Greek media reported on Friday, after financial prosecutors decided to take action on the issue of the two parties' funding. Greek prosecutors conducted an...

Germany Opposes Greek Plans to Repay IMF Loans Early, Report Says

The German Finance Ministry is believed to be opposed to Greece's plans to repay the country's loans to the IMF earlier than stipulated, the German paper Handelsblatt reported on Friday. The Greek Finance Ministry is planning to repay a sum of €3.8...

Bank of Greece Presents Plan to Slash Non-Performing Loans by 47%

Τhe Bank of Greece on Thursday presented a plan to reduce Greek banks' non-performing loans by up to 47 percent. Greek banks currently hold the highest level of such loans in Europe. The non-performing loans are a huge burden for banks...

Bloomberg: 'Central Bank of Greece To Cut Bad Debts of Banks in Half'

  The Central Bank of Greece is working on a plan to cut in half all the bad debts that burden  Greek banks, according to a news report published by Bloomberg on Tuesday. This move is expected to strengthen trust in...

Mission (Almost) Impossible: Getting a Loan from a Greek Bank

Liquidity in the Greek economy has reached new lows as banks are unable to reduce bad loans that have reached 105 billion euros. According to the Bank of Greece, bank lending in the first months of the year has fallen...