Calamos Supports Greece

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Greek Banks Plan for "in the red" Loans

Greek banks have reached a complex plan in order to deal with loans "in the red." According to the newspaper "Ethnos," Greek banks will move based on their own criteria. This means that they will only take into consideration the...

Greece Not Alone: EU Jobless Rate Soars

As Greeks took to the streets on Oct. 31 to protest a broken promise by the government not to make permanent a temporary property tax that effectively doubled the fee, statistics showed that the number of unemployed in the...

Austerity Cuts Greek Household Income 38%

The severity of Greece's crushing economic crisis and austerity measures demanded by international lenders has drastically cut the incomes of more than 90 percent of Greek households, with an average drop of 38 percent. The startling numbers that illustrated how...

Greek Jobless Hits Record High

Greece΄s jobless rate rose to a record high in the second quarter of this year, leaving almost one in every four people in the workforce without employment, official data showed Thursday, as the country struggles through a fifth year...