Calamos Supports Greece

recapitalization of banks

Moody's Upgrades Greek Banks' Senior Unsecured Debt Rating

Moody's Investors Service has today upgraded to Ca from C the long-term senior debt ratings of Greece’s four systemic banks -- Alpha Bank AE, Eurobank Ergasias S.A., National Bank of Greece S.A., and Piraeus Bank S.A. At the same...

ESM Approves 2 Billion Euro Disbursment to Greece

The European Stability Mechanism's (ESM) Board of Directors authorized the disbursement of 2 billion euros to Greece, following the country’s completion of the first set of prior actions as demanded by creditors. In the ESM's announcement it is mentioned...

NBG Owners to Meet May 10 to Approve €2.5bn Share Issue

Greece's second-biggest lender, the National Bank of Greece has unveiled the terms of a planned share capital increase that must be approved by the shareholders' general meeting on May 10. The bank plans to raise up to 2.5 billion euros, mainly from...

Papandreou Says Vote Against Omnibill Was 'Principled Stance'

Two days after voting against the article in the Greek omnibus bill addressing the new framework on the recapitalization of Greece’s banks, which caused major disagreement within government and PASOK, party leader and former prime minister George Papandreou and was interviewed by Bloomberg...

New Provisions in Omnibus Bill to Alter the Greek Market

The critical omnibus reform bill that needed to release a delayed €10.5 billion installment from Greece’s international lenders was approved by the Greek parliament in the early morning hours of Monday. The bill corrects many injustices that used to exist...

Tsipras on New Greek Bank Recapitalization

The bill on the renewed recapitalization of Greece’s banks may be tabled at the Greek parliament as soon as this week, according to Hellenic Financial Stability Fund (HFSF) officials, after a meeting was held at the Greek Finance Ministry...

Stress Test: Greek Banks Show €5 Billion Capital Need

According to a second stress test conducted in the recent months by the Bank of Greece, the leading four banks of the country are expected to need a total of about €5 billion in extra capital. The Greek central bank...

Commissioner Rehn: Talks About Debt And New Package in Summer

In an interview with the Wall Street Journal, EU Commissioner Olli Rehn said that the revision of the Greek bailout package, which has been postponed for the third time now, will be completed "in the next few months," heightening concerns...

Solution Found in the EU summit for Greece and Southern European Countries?

The two-day EU summit concluded after 14 hours of talks to provide short-term relief to Spanish and Italian banks by allowing the EU bailout fund to directly aid euro zone banks. The rules of the European Stability Mechanism (ESM)...

Charles Dallara Expresses His Confidence for Greece’s Political Future

Charles Dallara, managing director of the Institute of International Finance, said that he is optimistic about Greece's long-term prospects, but estimates that the next few months will be a crucial test for the debt-wracked country, following a general election...