Calamos Supports Greece

Greece

Ernst & Young: 'No Alternative to the Euro for Greece'

Ernst & Young in collaboration with Oxford Economics published a study, predicting that the impact of a Grexit on the Greek economy would be devastating, even in the case of a coordinate exit from the euro area. According to research...

Ernst & Young: 69% of Greek Businesses Believe There Is Corruption in Greece

Corruption and fraud issues have not yet ceased to trouble the Greek society, despite the fact that their numbers appear to have decreased compared to 2013. According to an Ernst & Young global survey, the pressure for increased revenue and international...

FT: Greece's Banking Sector Needs 20 Billion Euros

The Financial Times in an article reports a debate between the troika and the Greek coalition government, concerning the amount of money that Greek banks need in order for Greece’s banking sector to be healthy. On the one hand the...

With Privatization Lagging, Greece Ready to "Burn the Furniture"

ATHENS – As Greece struggles to save its economy by cutting workers’ pay to the bone, raising taxes to the limit, slashing pensions and preparing for the firing of 150,000 workers, a big revenue-raiser – privatizing state-owned entities and...

Greece Could Become Global Maritime Capital, Says New Report

The Greek shipping industry is adapting to become a leading global maritime hub says a report by auditors Ernst & Young (E&Y), which outlines the steps that should be taken to achieve this goal. The Greek-owned fleet, with over than...

Police Shut Bars, Restaurants on Greek Islands for Tax Evasion

At least three businesses were forced to suspend operations for at least 48 hours due to tax irregularities in popular tourist destinations. Officers of the Independent Authority of Public Revenue are intensifying inspections on businesses during the high tourist season...

Study: 1 in 2 Greek Potential Employees Lack Skills the Market Needs

Despite high unemployment figures, Greek businesses find it difficult to hire because one in two potential employees lacks the skills the market requires, a study shows. According to research carried out by the Greek branch of Ernst & Young, the...

Capital Link Forum Addresses Corporate Social Responsibility

The 7th Annual Capital Link Corporate Social Responsibility Conference held in Athens on Thursday gathered an esteemed crowd of about a 1,000 attendees. The conference was entitled "Investing in Development -- The New Face of CSR" and was held...

Study: The Profile of the Greek Tax Evader

The profile of the person most likely to commit tax evasion is a wealthy doctor with a private practice who resides in rural areas in southern Greece, is married and has many children, a study on the issue by...

Tax Evasion in Greece Reaches €16 Bln Annually

Tax evasion in Greece is estimated to be around 16 billion euros each year, according to a study by EY (formerly Ernst & Young) carried out on behalf of diaNEOsis research organization. According to the EY analysis, loss of revenue...

Salting Greece

Historians claim that when Scipio sacked Carthage in 146 BC, he salted the earth to guarantee nothing would ever grow on Carthaginian soil. To further punish Hannibal’s mighty defense, Rome imposed impossible terms of war indemnity on those they...

Greece Ranks 4th in Corruption Among Developed Nations

Greece ranks fourth on the list of most corrupt developed nations in a study conducted by Business Insider using data from Transparency International and the Organization for Economic Co-operation and Development (OECD). The survey was conducted among the richest democratic...

VAT Raise Will Hurt Greek Tourism

The doubling of value added tax on hotel accommodation from 6.5% to 13% will hurt Greek tourism, according to a study on behalf of the Association of Greek Tourism Enterprises (SETE). According to the Ernst & Young audit firm study, the VAT...

Venizelos Squeezed To Oust Papandreou

PASOK Socialist leader Evangelos Venizelos has reportedly been urged by party members to eject former Prime Minister George Papandreou, the man he replaced, for alleged financial mismanagement over 114 million euros ($149.2 million) in funds reportedly missing from party...

PASOK Finds 114.5M Euros Missing

Already not paying back hundreds of millions of euros in bank loans despite getting big grants from state coffers, the PASOK Socialist party is scrambling to find out what happened to 114.5 million euros ($149.2 million) that officials said...