Calamos Supports Greece

European Commission

EU: Greece has Not Implemented 16 Bailout Program Prerequisites

File photo: Greece's Ministry of Finance The European Commission is urging Greece to proceed with 16 prerequisites that have to be completed by the end of the year, as agreed with creditors. The first report after the end of the bailout...

European Commission Approves Greece's 2019 Budget

The European Commission on Wednesday approved Greece's budget for 2019, the first budget drawn up after the bailout of 2015, while urging the country to speed up reforms to qualify for the application of debt relief measures. The debt relief plan,...

EU to Decide How Greece's Primary Surplus Should be Used

Greece's budget for 2019 will be assessed by creditors who will decide how the surplus will be spent, Eurogroup President Mario Centeno announced on Monday. Centeno, speaking at a press conference after the meeting of eurozone finance ministers, said that...

German Press: Greece Will Likely Need Another 'Bailout' Due to High Debt

Due to its high public debt, it is doubtful whether Greece will make it on its own in the long run without new financial support, a report by Frankfurter Allgemeine Zeitung says. This report comes after a comment made by...

EU Anti-Fraud Watchdog Probes Possible Misuse of Refugee Funds in Greece

The European Union anti-fraud watchdog is investigating possible misuse of EU funds provided for food for refugees in Greece, a Politico report says. The probe comes after the detention on Saturday of three journalists from Greek newspaper Fileleftheros (Liberal) following...

Commission and EPP say Greek Journalists' Arrest is Against European Values

The European Commission and the European People's Party condemned the arrest of three journalists from Greek newspaper Fileleftheros as threat to the rule-of-law, a New Europe report says. Fileleftheros' chief editor, publisher, and senior political reporter were detained following a...

Greece's Migrant Crisis: European Commission Announces Additional €37.5 million in Emergency Funding

On Wednesday it was announced by the European Commission that an additional 37.5 million euros will be given to Greece as emergency aid to help with the migrant crisis gripping the country. The additional funding will be broken down into...

EU's Juncker: 'I am Proud We Stood Up for Greece'

European Commission President Jean-Claude Juncker has told an economic forum in Brussels that Greece will soon leave its bailout program. Juncker was speaking at the Brussels Economic Forum where he also said Europeans should be "proud of the creation of...

Greece Likely to Receive €19B from EU Budget

Greece is very likely to receive €19 billion ($22 billion) from the EU in its Regional Development and Cohesion Policy for 2021-2027, a European Commission statement claims. This is a result of shifting a large part of support funds from...

Europe Gives Extra €180M for Migrant Aid in Greece

The European Commission on Monday revealed that it is to give an extra €180 million ($222 million) for aid projects in Greece. It is to expand its Emergency Support to Integration & Accommodation (ESTIA) programme to support the estimated 45,000 refugees and...