Calamos Supports Greece

USA

Ministry of Finance Plans Greek-American Bond Issue by Early June

At the end of the month or early June, it is estimated that the Ministry of Finance will have everything ready for the first bond issue of the Greek Community in the USA, which will be addressed to Greek-Americans...

NYU Professor Economides Mulled For Greek Finance Minister

Although Nicholas Economides was offered the job by Greek PM Samaras, he preferred to stay at NYU. See the the list with the (partially) new Greek government here. New York University economics professor Nicholas Economides, in Athens to give a...

Non-Profit Group Saves Greece Multi-million USD of Debts

The Greek government accepted a donation of 2.3 million euros (3.1 million U.S. dollars) worth of state bonds acquired by a non-profit group, the Finance Ministry said. The Deputy Minister of Finance, Mr. Christos Staikouras proceeded to canceling the bonds,...

Greek FinMin Cleaners Make INYT Front Page

“Can the Greek government actually shrink the state? wonders Niki Katsantonis who wrote an extensive article on the struggle of the Finance Ministry’s cleaners, published on the cover page of the International New York Times. Furthermore, the article focused...

Foreign Investors Look at Greece Again

Still locked out of private markets and depending on continuing international aid, Greece's hopes of trying to increase revenues by luring foreign companies put off by its reputation for corruption, inefficiency and red tape are looking more favorably at...

Greece Chases Diaspora Taxpayers in U.S.

Greeks living in or taxed in the United States - who haven't been notified yet - have until Dec. 31 to send Greek tax offices an IRS certificate proving they are being taxed in America, which has a dual...

Obama Pushes For Greek Debt Review Delay until After Presidential Elections

Officials from the European Union and the International Monetary Fund are being asked to delay a critical report into the state of Greece's public finances until after the US Presidential elections in November, according to a Reuters news agency...

NYT: U.S. Companies Brace for a Greek Exit from the Euro

Even as Greece desperately tries to avoid defaulting on its debt, American companies are preparing for what was once unthinkable: that Greece could soon be forced to leave the euro zone. Bank of America Merrill Lynch according to The New...

Why Greek-Style Strikes Can’t Happen in America

If you awoke today in Athens – and before you went to bed last night – one of your first duties would be to check the Strike Report so you'd know who's working and who's not, what's open and...

Greece Plans to Launch First U.S. Diaspora Bond

Greece plans to sell its so-called Diaspora bonds worth up to $ 3bn to U.S. retail investors in the first half of the year, after it filed a shelf-registation with U.S. regulators to proceed with the issue, according to...

Rogoff: Debt Restructuring Inescapable For Greece

Harvard University professor Kenneth Rogoff (photo) said on Wednesday that Greece and Ireland will need to restructure their debts, and Spain and Portugal may do the same to survive Eurozone’s dent crisis, according to Bloomberg. “I do think the eventual...

Greek Islands For Sale As a Result of Greek Debt

According to Bloomberg Businessweek, the Greek government is planning to sell some islands and other luxury properties to reduce the country’s debt. The only problem is that the government does not know the islands’ owners. The majority of Greek...

Chicago Covid-19 Coalition Distributes More than $1.3 Million in Humanitarian Relief

Calamos CEO John Koudounis, who is leading a coalition of Chicago’s business leaders in a humanitarian campaign for COVID-19 relief and recovery, said on Monday that the Chicago model can be applied to other cities in the US. Speaking at...

US Senate Panel Passes Bill To Impose Sanctions On Turkey

A U.S. Senate committee on Wednesday passed legislation to impose sanctions on Turkey  for its invasion of Syria and purchase of Russia’s S-400 antiaircraft defense system. The bill received broad-based bipartisan support. The Senate Foreign Relations Committee approved the legislation --...

Greek-American Investor Tells Students: ‘Know Where You Came From’

Greek-American investor and self-made billionaire John Calamos Sr. has told hundreds of graduating students from an Orthodox theological college in Massachusetts: "You don’t know where you’re going unless you know where you came from." Calamos, who grew up in an immigrant Greek...