Calamos Supports Greece

debt restructuring

Jack Lew Urges for Debt Restructuring in Greece

United States Secretary of the Treasury Jack Lew responded to a question by Greece's daily Kathimerini on the sidelines of an event in Washington held for the annual meeting of the International Monetary Fund (IMF). "We have been involved in...

ECB in Danger of Making Debt Restructuring 'Virtually impossible', Expert Warns

The European Central Bank (ECB) is in danger of biting off more than it can handle, warns expert Kai Schaffelhuber, a partner at law firm Allen & Overy, whose firm was involved with the daunting task of confronting Greece’s...

Greek FinMin: 'Difficult Agreement But We Have Commitment for Debt Restructuring'

Greek Finance Minister Euclid Tsakalotos addressing the parliament committees on Wednesday said that a few months ago Greece's partners did not even want to discuss the debt restructuring issue but with the new agreement we have a clear commitment...

Schaeuble: 'Greek Debt Restructuring Not Up for Discussion'

Another Greek debt restructuring is not currently up for discussion, German Finance Minister Wolfgang Schaeuble said in an interview to Bloomberg TV. While some kind of restructuring might be on the agenda in 10 years, “today the issue for Greece is...

Greek FinMin to CNN: Electorate Excited with New Deal

Greek Finance Minister Yanis Varoufakis said the electorate is excited with the new deal when he spoke to CNN a few hours before sending the final list of reforms by the Greek government to its European partners. Mr. Varoufakis spoke to...

Greece, 6 Bankruptcies in Less Than 200 Years

Greece has been the center of attention for over two weeks, after the January 25 elections. Foreign media, news agencies, government officials and investors are watching the new Greek government closely, criticizing its every move. Furthermore, people around the world...

Portugal and Spain: We Won't Follow Greece in a Possible Rupture With EU

Portugal is not a signatory to a possible Greek request for debt restructuring, clarified earlier today the country’s Prime Minister, Pedro Passos Coelho. Addressing the Portuguese Parliament, Coelho assured that he does not intent to participate in any team...

Bloomberg: Bond Return Not Sufficient For Greece

Six out of ten economists in a Bloomberg News survey said Greece will need to top up the 240 billion euros of loans received from Europe and the International Monetary Fund since 2010, when it lost access to bond...

Reuters: Greece to Seek 50-Year Extension on Loan Repayment

Reuters revealed Wednesday that Greece is planning to ask for a 50-year extension to its repayment of loans from its international creditors. “Greece will formally propose stretching the maturity of its international rescue loans to up to 50 years as part of...

Greek Ambassador to Canada Talks about Crisis

Canadian newspaper National Post published an interview with Greek Ambassador Eleftherios Aggelopoulos. Titled "After the painful debt restructuring, Greece tries to develop," the Greek diplomat answers questions concerning Greece. Should the memorandum become enforced and new investments become available to...