Calamos Supports Greece

Europe

Bundesbank Chief Dismisses Speculation over New Greek Haircut

Jens Weidman, chairman of the Bundesbank and board member of the European Central Bank (ECB), made it crystal clear that there is no possibility of a further haircut of Greece’s debt. He said that Athens is obliged to make...

Ifo Sees New Greek Debt “Haircut”

With two bailouts of $325 billion failing to make much of a dent in Greece's crushing economic crisis, an analyst at the Ifo Institute in Munich has recommended that the country impose big losses on public investors the same...

Debt Haircut is Part of Greece’s Problem

The restructuring of the Greek debt is not part of the solution but rather part of Greece’s problem, Holger Schmieding, German economist and the current Chief Economist at Berenberg Bank argues, criticizing the conclusion drawn by the International Monetary...

German Economist Proposes Solutions for Greek Debt

The German economist and former member of the European Commission’s Task Force for Greece, Jens Bastian proposes an international summit for the Greek debt, similar to the one organized in 1952, which will link the debt’s “haircut” with certain...

DIE PRESSE: What We Don’t Want to Know About Greece

An article in the online edition of the Austrian newspaper, DIE PRESSE discusses the questionable success of the Greek bailout. The article attempts to shed light on facts neglected by the media and politicians.“Greece was not rescued. We cannot talk about...

Frankfurter Allgemeine: Primary Surplus is an Audit Trick

Even though Greek lawmakers have passed the 2014 budget which shows a primary surplus, the partners and lenders don't seem to be convinced of the data presented. In fact, they believe that the numbers shown are phony and don't...

German Eurosceptics Predict Greek Eurozone Exit

The leader of the Eurosceptic party alternative for Germany (AFD) Byrd Luke predicts an inevitable haircut due to lack of primary surplus. Luque Byrd declared that a new Greek debt relief is inevitable and added that Greece will exit the...

Germany’s Finance Minister Denies Report on New Aid Package

Martin Kotthaus, a spokesman for Finance Minister Wolfgang Schaeuble, denied that a report published by the German newspaper Die Zeit is true. The article in question said that Germany is working on a new aid package for Greece, but...

Soros Blames Merkel For Golden Dawn

During his interview with Der Spiegel ,financier George Soros called on the German Chancellor, Angela Merkel, to radically change her attitude, "Germany should take over more responsibilities so as to prevent the collapse of the European Union, something that...

Most Germans Oppose Greek Aid

Some 61% of Germans oppose any more international loans - much of it coming from their country - for Greece, according to the results of the Political Barometer that was conducted for the ZDF TV channel. In case Greece needs...

Greece’s Surplus Could Help Default

Bloomberg columnist Megan McArdle isn't so rosy about Greece's surplus helping the economy and said it could actually pave the way for the country to default on its loans. She noted that not paying back what it owes - some...

Die Welt Says Greece Will Stiff Germany

The German newspaper Die Welt has reported that with speculation still rampant Greece will get a write-down in its debt to international lenders, including Germany, after that country's elections next month, that the idea of Greece leaving the Eurozone...

Charges Merkel Hiding Greek Debt Cut

The German newspaper Die Zeit published an article, entitled “The bill, please!” in which it charged that Chancellor Angela Merkel, facing re-election next month, is deliberately concealing that she will go along with Greece imposing losses on its lenders,...

Fratzscher Sees Greek Debt Restructure

According to Deutsche Welle’s internet page, Marcel Fratzscher, president of the Berlin based economic research institute DIW, considers a new restructuring of the Greek debt to be only a matter of time. As stated by the same source, in his...

German Economists Oppose Greek Debt Restructure

A debt restructuring in Greece and in Portugal “could blow the entire Eurozone up,” due to the big losses that it would bring to the creditors, warned German economist Peter Bofinger, in an interview with Berliner Zeitung. “The European banks...