Calamos Supports Greece

Mina Andreeva

European Commission Foresees Plausible Resolution to Cyprus Problem in 2016

The European Commission and its President Jean-Claude Juncker personally are confident that 2016 will be the year to bring along a resolution of the Cyprus issue, according to EC spokesperson Mina Andreeva. The EC Spokesperson, answering a CNA question during...

One Billion Euro Bailout Tranche Could be Released Before Christmas

Greece is likely to receive the delayed one billion euro bailout installment before Friday. European Commission spokesperson Mina Andreeva claimed on Monday that creditors will decide on the release of the money before Christmas if everything goes smoothly. "Greek authorities delivered all the outstanding...

Greece and Institutions Reach an Agreement on Second Package of Prior Actions, EU Commission Confirms

Greece has come to an agreement with the institutions on the reforms included in the second package of prior actions, European Commission spokeswoman Mina Andreeva confirmed. She added that the implementation of the second package of prior actions, which is...

European Commission Warns that Bailout Progress Report Must Precede Euroworking Group

European Commission spokesperson Mina Andreeva declared on Friday that a EuroWorking Group must convene early next week to green-light the disbursement of the two billion euro bailout installment to the Greek Government, as well as the 10 billion euros that...

EU Chief Juncker Expects Greek Debt Accord by Aug 20

European Commission head Jean-Claude Juncker believes an agreement on a third bailout for Greece is likely this month and preferably by August 20 when Athens must make a key debt repayment. The negotiations in Athens are now making "satisfactory" progress,...

European Commission: IMF 'Fully Participating' in Greek Program

The International Monetary Fund (IMF) is present and fully participates in the negotiations for Greece's third program, European Commission spokeswoman Mina Andreeva said. Asked about the non-participation of the IMF in the Greek program until necessary measures for debt relief are...

Creditors' Represenatives in Athens Continue Talks But Timely Deal Uncertain

The creditors' representatives took over negotiations from technical teams in Athens but it is uncertain whether Greece will secure a bailout agreement by August 20. With SYRIZA struggling for unity as almost one third of MPs are against the proposed bailout deal,...

European Commission Denies Varoufakis' Accusations of Controlling Greece's Tax Agency

The European Commission flatly denied on Tuesday claims by former Greek Finance Minister Yanis Varoufakis that creditors monitoring Greece's bailout also control the country's tax agency. The Former Minister also blamed the Eurozone's structure and policies for Greece's large sovereign...

European Commission: We Never Asked Greece to Raise VAT

The European Commission never asked Greece to raise value added tax, in fact it was a Greek proposal, said an EC official close to the negotiations between Athens and lenders' representatives in Brussels. According to a report from Brussels aired...

European Commission: 'June 30 Remains the Only Deadline for a Greek Deal'

As the Greek government is under pressure to agree to economic reforms with its international creditors in order to unlock new financing, the European Commission continues to signal tough stance regarding the ongoing talks with Greece. European Commission spokeswoman Mina Andreeva said on Monday...