Calamos Supports Greece

Mario Draghi

Europa Adorns New 5-Euro Notes

The Eurozone on May 2 began circulation of a new 5-euro banknote bearing the image of the goddess Europa, who, in Greek mythology, was a noble Phoenician woman whose beauty inspired the god Zeus to seduce her. He appeared to...

Chomsky Says Germany Wants Hold On Greece

MIT Professor and philosopher Noam Chomsky told an audience in Dublin on April 3 in a speech entitled Solidarity and the Responsibility to Protect that he believes Germany wants to impose its will and economic slavery on Greece. The American...

“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...

Goldman Sachs Says No Greek Growth Plans

The President of the American investment firm Goldman, Sachs, blamed by some critics for helping cause Greece's crushing economic crisis with its financial instruments,said that Europe still faces “fundamental problems” and that policy makers don’t appear to have a...

Slow Growth Seen For Greece, Spain and Portugal

Economists - who've often been wrong trying to gauge what would happen in Greece - see molasses-slow recovery gradually returning later this year as well as in debt-wracked Spain and Portugal, even though all three countries face rough sledding...

EIB Chief: Greek Recovery Will Take Decades

The head of the European Investment Bank (EIB) said it would take Greece decades to recover from its financial crisis and criticized the efforts of European politicians, in comments published Thursday. "The recovery process (in Greece) will take one to...

Schaueble: No OSI For Greece, Waiting For Troika

German Finance Minister Wolfgang Schaeuble on Thursday rejected calls for any restructuring of Greek debt held by official creditors and said any question of giving the stricken country more time to meet its budget targets should wait on a...

Draghi Says No Extra Time for Greece to Pay Loans

European Central Bank chief Mario Draghi said Greece would not get extra time to pay off its debt, calling an extension "tantamount to monetary financing." The ECB is ready to launch its bond-buying program for Eurozone countries with debt...

FT: ECB Talks Publicly of Possible Greek Exit

According to Financial Times, Eurozone central bankers have talked publicly for the first time of managing a possible Greek exit from Europe’s monetary union, as stalemate in Athens talks on a coalition government raises the prospect that Greece will...

Draghi: Greece Must Implement Reforms

Greece has a chance to escape its current "downward spiral" if it implements the "important reforms" that its Parliament has approved, Mario Draghi, the president of the European Central Bank, told German newspaper Bild-Zeitung in an interview published Friday. "In...