Calamos Supports Greece

Economy

European Commission Expects 2.7% Growth in Greek Economy in 2017

The Greek economy grew 0.3 percent in 2016 and is expected to grow by 2.7 percent this year and by 3.1 percent in 2018, the European Commission said in its winter forecasts. The EU's executive, in a report released on Monday,...

BoG Study: From 2008-2016 Greek Households Saw a 37.5 % Decline in Wealth

On Wednesday a study published in the Bank of Greece’s Economic Bulletin revealed that Greeks have seen their salaries shrink considerably in the period between 2010 and 2016. The study showed that in Greece annual households disposable income decreased by...

Dijsselbloem: Trust Is an Issue as Greece 'Faces More Fundamental Problems, Economic and Institutional'

Greece faces more fundamental problems than the other EU member-states that joined a bailout program in recent years, Eurogroup President Jeroen Dijsselbloem said on Tuesday, during a speech at an event organized by Belgian newspaper L’Echo in Brussels. Commenting about...

Schaeuble Not Compromising Debt Relief for Greece, Preparing to Go Ahead Without IMF

Following the continuing position of the International Monetary Fund (IMF) saying that it will only consider being involved in the last bailout for Greece if the deal includes debt relief for the country, the German Finance Minister, Wolfgang Schaeuble...

Tsipras-Mattarella Meet to Discuss Common Challenges in Economy and Migration

Greece and Italy are united by the common challenges they face in economy and migration, Prime Minister Alexis Tsipras told Italian President Sergio Mattarella on Tuesday, welcoming him at Maximos Mansion. “Today we stand as EU countries, as Eurozone countries,...

Paypal: How Greek Merchants Can Export More in 2017

According to the PayPal and Ipsos Report titled How Greek Merchants Can Raise Their Cross-border Trade in 2017, Greek merchants have a few different resources available to them in order to accomplish such a task, as detailed below. PayPal and...

ELSTAT Data Shows Greek EU-Harmonized Inflation Rate Positive in December 2016

In December Greece saw its annual EU-harmonized inflation rate become positive, according to the latest figures by ELSTAT, the countries statistic agency. Figures released on Wednesday show that Consumer prices rose in goods such as alcoholic beverages, tobacco, housing, hotels...

FinMin Figures Show Primary Budget Surplus Climbed to €7.416 Billion for January-November

On Thursday the Finance Ministry released figures explaining the current standing with the primary budget surplus. According to their publishing, the first 11 months of 2016 saw a primary budget surplus climb to 7.416 billion euro. The climb of the...

Marcel Fratzcher: Greek Economy on Course for Dynamic Growth

"2017 will be a year of political, economic and social uncertainty because nobody knows what will evolve from the elections in the EU countries. However, I am optimistic for Europe and for Greece, Italy and Spain because a large...

Alt. Labor Minister Antonopoulou: Government Trying to Set Economy on Fair Course of Growth

"Our aim is to heal the wounds that unemployment and poverty opened to the society and to set the economy on a course of fair growth," said Alternate Labor Minister Rania Antonopoulou in her article in the Sunday edition...