Greece
Calamos Supports GreeceCalamos Supports Greece

Simon O'Connor

EU Commissioner: Europe Supports Greece

European Union's willingness to continue support Greece in order to ensure reasonable financing conditions after the end of the current program, was expressed today by European Commissioner for Economic and Monetary Affairs Jyrki Katainen. "Greece has made immense progress in...

Theoharis Denies Government Forced Him To Quit

Greece's top tax official, Harry Theoharis, said his abrupt resignation on June 5 was for "personal reasons" and said he wasn't squeezed out for allegedly mishandling the critical job of trying to bring in more tax revenues. The position of...

Eurostat Fudged Greek Primary Surplus Figures

The European Union's statistics agency Eurostat has said it manipulated data to show that Greece has a primary surplus of 1.5 billion euros when in reality it still runs a deficit, but defended the fudge as a legitimate exception afforded none...

Troika Will Return to Greece – Without Techs

After it was first reported that envoys from Greece's international lenders who had broken off talks over delayed reforms and big hole in the 2014 budget wouldn't be coming back to Athens, it's now been said that they will,...

Troika Delay Return to Greece to January

The European Commission confirmed late on Saturday that there will be no conclusion of the latest troika review of the Greek adjustment program this month. Senior auditors from the so-called creditor troika -- the EU, IMF and European Central Bank...

Troika Softens On Foreclosure Ban Lifting

After insisting that banks be allowed to confiscate the homes of people who weren't paying their mortgages during a crushing economic crisis Greece's international lenders have changed their stance and now say the government should sort out those who...

EU Disputes IMF's Greek Mea Culpa

The European Commission, one of the Troika of Greece's rescue lenders, took a big step back on June 6 from an International Monetary Fund (IMF) report that said the bailouts were flawed because austerity measures had a more...

EU Says Deposits Not Safe From Seizure

Guarantees on deposits in the European Union are only applicable if a bank completely collapses, and does not protect depositors from having some, or all, of their money seized by governments for any reason, the European Commission said, defending...

Greece Ready To Fire 5,000 Workers

Greece's international lenders have left Athens after talks failed to agree on instituting new reforms, but the government reportedly is preparing to fire more than 5,000 civil servants by the end of next year to keep critical rescue monies...

Troika Puts Off Talks, Tsipras Says Greece Should Bail Out

ATHENS – Inspectors for international lenders providing Greece with critical money lifelines were to arrive on July 3, but negotiations with officials of the country’s new coalition government on whether changes will be allowed to bailout deals have been...