Calamos Supports Greece

privatization fund

Greece Removes Archaeological Sites from Privatization Fund After Protests

The Greek government has decided to remove more than 2,000 ancient sites, monuments and museums from a state assets fund after archaeologists protested, fearing the country's heritage might be sold off. Among the sites included was the Palace of Knossos...

German FinMin: Greece Must Have Privatization Fund Management in Place by Year End

German Finance Minister Wolfgang Schaeuble said that Greece must have the management of its privatization fund in place by the end of 2016, Reuters reports. Schaeuble spoke in the aftermath of Monday's Eurogroup in Luxembourg, where euro zone finance ministers...

Greece's Creditors Reject Irreversible Fund But Work on Incentives to Legalize Hidden Assets

The first week of talks between Greece and creditors failed to prefer concrete results. The government's efforts for the creation of a "special irreversible bank account" have been futile after representatives of Greece's creditors (European Commission, European Central Bank,...

Greece's Talks with Creditors Resume, Privatization Fund and Corruption First on Agenda

Negotiations on the second bailout program review between Greece and creditors resume Monday with the new privatization fund and corruption first on the agenda. The two sides will discuss the progress of the bailout program prerequisites with the Greek side...

No Greek Delays in Implementing Prior Actions, Only 'Challenges'

There is “no significant delay” so far in the implementation of the prior actions that will unlock the sub-tranche of the 2.8 billion euros for Greece, a senior Eurozone official said on Friday. He added, however, that Greek authorities...

Fraport Promises 20,000 Jobs in Greece's Regional Airports

The Fraport-Copelouzos consortium that took over 14 regional airports in Greece promised 20,000 jobs at the presentation of Fraport Greece on Monday. The German-Greek investment deal was signed in December as part of a series of privatizations carried out by...

Talks Between Greek Officials and Lenders Reveal Sharp Differences on Critical Economic Issues

The representatives of Greece’s official lenders appear to have rejected the government’s proposal for tackling the problem of “black money” by charging fines of up to 35% to those who claim they "forgot” to declare income. Instead, it has been...

Eurogroup President Asks Greece to Accept Deeper Pension Cuts and Create a New Privatization Fund

Dutch finance minister and Eurogroup president Jeroen Dijsselbloem told European Parliament that Greece needs sharper cuts in pension benefits and a new privatization fund to secure the loans provided to the country by its European partners. Regarding pensions, Dijsselbloem adopted the...

Greece's Creditors Suggest Spending Cuts Instead of Tax, Contribution Hikes

Creditors suggest that Greece should proceed with government spending cuts instead of raising taxes and contributions in order to save security funds. According to a new report by the European Central Bank, at this point the Greek government must proceed...

German Press: "Greece is Like a Rudderless Ship"

Greece is like a rudderless ship as the government delays implementation of the bailout program reforms, says German newspaper Die Welt. According to the report, the negotiations with creditors that lasted for months had a catastrophic effect on Greek economy. The...