Calamos Supports Greece

plastic money

Greek Credit Card Lottery Offers €1M in Tax-Free Prizes

More than five million Greek taxpayers on Tuesday will be taking part in a lottery for December credit card transactions which will dispense €1 million ($1.2 million) to 1,000 lucky winners who will receive a €1,000 tax-free bonus each. It is...

Greeks Splashed Out On Card Payments Over Holidays

Piraeus Bank has said Greeks’ use of plastic money during the Christmas and New Year holidays rose to new record highs, evidence of a massive turn by consumers towards plastic which began two-and-a-half-years ago, after the imposition of capital...

First Lottery for Card Transactions to be Held Today

A Finance ministry lottery aimed at rewarding plastic money transactions, which will in turn fight tax evasion, is being launched Thursday, with a two month delay. The first-ever lottery based on the receipts issued for transactions using credit and debit...

Seven in Ten Greeks Are Now Using Debit and Credit Cards

More than two out of three Greeks are now using debit or credit cards for their daily transactions, even though they have reservations over their use, a new study shows. In the survey conducted March 6-13 by the Commerce and...

Plastic Money Soars in Greece‏

Use of plastic money in retail has almost tripled since the imposition of capital controls in the country, with credit institutions issuing more than 1.1 million debit cards in the period from the end of June until early August. Previously,...

Use of Plastic Money Has Favorable Growth Prospects in Greece‏

The use of plastic money has very favorable growth prospects in Greece, while helping in the battle against tax evasion, as the use of credit/debit cards significantly lags behind the Eurozone and EU average rates. An Athens-Macedonian News Agency report, based...