Calamos Supports Greece

Mario Draghi

ECB's Draghi Says Greece Reaping Reform Benefits

AP - European Central Bank President Mario Draghi says Greece is starting to reap the rewards from its wide-ranging economic reforms. Addressing lawmakers of the European Parliament on Monday, Draghi highlighted the fact that Greece was the fastest-growing economy in...

Geithner: Europeans Wanted to Crush the Squandering Greeks

Former U.S. treasury secretary Timothy Geithner said that in 2012 "Europeans wanted to crush the squandering Greeks," according to The Financial Times. In 2012, Geithner had met with ECB President Mario Draghi to discuss the threat of the economic crisis...

ECB President Promises Funding to Greek Banks

Bank of Greece (BoG) Governor Yannis Stournaras and European Central Bank (ECB) chief Mario Draghi have come to an agreement to provide Greek banks with further funding, worth 12 to 15 million euros. According to Reuters, ECB reduced the haircut...

Mario Draghi Says ECB Will Help Greece Under Memorandum Plan

The ECB plans to accept junk bonds from crisis-ridden countries, provided that they were first subjected to an economic monitoring program. The announcement, which came from the head of the European Central Bank, Mario Draghi, has reportedly astonished Greek lawmakers. The statement has...

Draghi's "Revolution" Will Benefit Greece

European Central Bank's decision to buy 500 billion euro bonds and cut interest rates by 0.05% is expected, according to analyst estimates, to boost the European economy that is threatened by recession and deflation. This decision means that the ECB will print money, loosen...

Greece's Inflation –0.9 Percent, Eurozone at Record Lows

  Data released Monday shows Greece and Cyprus trailing as eurozone consumer inflation once again slowed to its lowest ever annual pace in February, matching a figure that in November caused an unexpected interest rate cut by the European Central Bank (ECB). Updated Eurostat data showed...

Globe and Mail: Crisis in Europe Continues

"Debt crisis is over but serious issues persist" is the title of Globe and Mail Correspondent Eric Reguly's article, published on the occasion of the Greek EU Presidency that began January 1, 2014. The article pointed out that the economic...

Draghi Says Greek Runway Debt Manageable

Even as Greece looks likely to need a third bailout and its debt has risen in the last 15 months, European Central Bank President Mario Draghi, whose institution is one of the country's Troika of international lenders, said he...

ECB Says No To Greek Debt Relief

European Central Bank President Mario Draghi reiterated today that the bank would not takes losses on its Greek bond holdings in order to give Greece debt relief. "It is pretty clear that we cannot do monetary financing," Mario Draghi said...

Greek Bond Costs Lower As Crisis Eases

Interest rates for Greece to borrow in 10-year bonds have come down to under 10 percent, showing investors are less anxious about the prospect of Greece defaulting or leaving the Eurozone as more international rescue loans are on the...