Calamos Supports Greece

Sarkozy

Dallara Says Greece To Return to Markets

Institute of International Finance (IIF) Managing Director Charles Dallara, who was the negotiator for private investors when a previous Greek government imposed 74 percent losses on them, said he believes Greece will return to private markets sooner than expected. Dallara...

Book Recounts Political Death of Papandreou

In an upcoming book, former French Finance Minister Francois Baroin says that former Greek Prime Minister George Papandreou was warned that international bailouts keeping the country’s economy alive would be scrapped if he persisted with plans to hold a...

Divide Emerges Between IMF and EU Over Failed Greek Austerity Measures

ATHENS – Some 21 months after Greece began to impose harsh pay cuts, tax hikes, slashed pensions and scores of thousands of layoffs of public workers in a desperate attempt to keep from defaulting on loans, although it is...

Merkel and Sarkozy Urge Greece to Take Action as Default Risk Grows

ATHENS – Greece is nearing the cusp of defaulting on its loans and going under because its political leaders have failed to implement structural reforms as promised, a memo from the International Monetary Fund has warned, leading French President...

Report: Troika Backs Down to Samaras, No Signatures Needed

Reversing itself after insisting that leaders of Greece’s new coalition government would have to sign[...]

Greek Word Not Good Enough – Troika Wants it in Writing

ATHENS – Even before the dust settled down from the appointment of a new interim Prime Minister, Lucas Papademos, and a coalition cabinet charged with pushing through the Parliament a new bailout of $157 billion from international lenders and...

A New Ancient Greek Drama a Long-Running Flop

The machinations between Prime Minister George Papandreou, a Socialist whose two years in office[...]

Papandreou Scraps Bailout Referendum, Seeks Coalition Government

ATHENS – Faced with defections by his Finance Minister, Cabinet official and Members of Parliament of his ruling PASOK Socialist party, Prime Minister George Papandreou has quickly withdrawn his plans[...]

Greece’s Choice: In or Out of the Eurozone

As Greek Prime Minister George Papandreou was being cross-examined by European leaders on his stunning call for a referendum in his country on international bailout loans and the austerity measures he imposed as a condition, German and French officials...

Papandreou’s Referendum Call Rattles Markets, Threatens Bailout

Greek Prime Minister George Papandreou’s surprise announcement will ask voters to decide the fate of international bailout loans and his wobbly Administration through a referendum sent shock waves through the markets, rattling Wall Street, angering European leaders who just...