Calamos Supports Greece

Wolfgang Schaeuble

Die Welt: The Greek Issue Ruins Merkel’s Summit Agenda

The Greek issue is ruining German Chancellor Angela Merkel’s agenda at the G7 meeting in the Bavarian Alps, German newspaper Die Welt reported on Sunday. Merkel wanted to “Merkelize” the world at the G7 meeting, but her plan to close the...

German FinMin: Greece Has Until End of June to Reach Deal

German Finance Minister Wolfgang Schaeuble said "the financial assistance program to Greece will expire on June 30, this is the deadline given to Greece." Schaeuble spoke on Friday in a news conference following a meeting of finance chiefs of the...

Brussels: More Differences Than Points of Convergence in Greek Negotiations

Despite the fact that the Greek government makes optimistic announcements about an upcoming deal with creditors, European Union officials in Brussels say there are still many differences on the negotiation table. According to Brussels sources, there is even talk that...

German FinMin Schaeuble Surprised by Greek Agreement Statements

German Finance Minister Wolfgang Schaeuble said he was surprised by Greek officials' statements that Greece and its creditors are close to an agreement" contradicting Greek Prime Minister Alexis Tsipras who said earlier that he is finally close to an agreement with...

ECB Maintains Greek Banks' Liquidity Limit Amid Talk of Capital Controls

The European Central Bank (ECB) board of directors decided on Wednesday to maintain the limit through the emergency liquidity assistance (ELA) scheme to 80.2 billion euros. In the past few weeks, the ECB kept providing liquidity to Greek banks through ELA. Last week,...

Greece Among Main Topics in G7 Summit

German Finance Minister Wolfgang Schaeuble and Bundesbank President Jens Weidmann host their G7 counterparts - Britain, France, Germany, USA, Japan, Italy, Canada - in Dresden on May 27-29. Among the main topics to be discussed will be Greece, although no decisions...

Greek FinMin Varoufakis: 'Austerity Is the only deal-breaker'

The sticking point in Greece's negotiations with its creditors was not Athens' unwillingness to carry out economic reforms but the creditors' insistence on even greater austerity that would impede economic recovery, Greece's Finance Minister Yanis Varoufakis wrote in an opinion...

Greece Decides on Measures to Get Cash Within May

The Greek government is on a race with time to legislate measures in order to reach a deal with creditors within May as it is running out of liquidity. After the latest statement by German Finance Minister Wolfgang Schaeuble that...

Schaeuble: Improved Climate in Greek Talks Not Matched by Substance

In statements to German reporters on Tuesday, German Finance Minister Wolfgang Schaeuble said that the Eurogroup statement on Greece did not hail the progress made in the substance of the negotiations between Athens and the institutions as much as...

German FinMin: No Deal for Greece at Monday's Eurogroup

German Finance Minister Wolfgang Schaeuble said that he doesn't expect a deal between Greece and its creditors at Monday's Eurogroup session. Speaking to German newspaper Frankfurter Allgemeine Sonntagszeitung on Saturday, Schaeuble said that it is very unlikely that Greece will get...