Calamos Supports Greece

European Commission

Greek Economy to Contract by Almost 10 Percent, EU Says

The Greek economy is set to contract by 9.7 percent in 2020 because of the Covid-19 pandemic, the European Commission forecast on Wednesday. Greece, along with Italy, Spain and Portugal will be among the hardest hit nations by the economic...

European Commission Eases Budget Rules due to Coronavirus Pandemic

As a measure to aid EU Member States suffering from the coronavirus pandemic and its tremendous impact on their economies, the European Commission announced on Friday that state budget rules are eased. In order to aid people and companies, the...

Greece Mulls Suspension of All Flights Amid Coronavirus Pandemic

Greek Prime Minister Kyriakos Mitsotakis was expected to announce that all flights would be banned as of Sunday in Thursday's address to the Greek people regarding further measures to curb the spread of the coronavirus. However, new media reports in...

Border Crisis: EU Presents Immediate Measures to Support Greece

The European Commission presented on Wednesday the immediate measures the Union will put into force in order to assist Greece due to the extraordinary situation along its external borders with Turkey. Margaritis Schinas, Vice-President for Promoting our European Way of Life,...

European Commission to Return €280 Million in Subsidies to Greece

The European Commission must now reverse part of its agricultural policy and return approximately 280 million euros to the Greek state in the near future. This was decided on Friday by the European Union's Court of Justice, after Greece had...

Brussels Says Greece's Growth in 2020 Will be Well Above EU Average

The European Commission published its Winter 2020 Economic Forecast on Thursday, showing Brussels' projections regarding growth rates for nations in the European Union for both 2020 and 2021. The European Executive body noted in the report that ''The euro area...

EU Approves €233 Million Fund to Boost Greece's Ultrafast Broadband

The European Commission on Friday announced that it has approved the funding of an ultrafast broadband project in Greece worth 223 million euros. The monies will come from EU funds, that will provide fast internet access to almost 11 million...

EU Commission Predicts 2.3% Growth for Greece in 2020

The Greek economy is expected to grow by 1.8 percent this year and 2.3 percent in 2020, the European Commission said in its autumn forecasts released in Brussels on Thursday. The EU's executive body said it expected Greek GDP to...

EU Approves Greece's Plan to Reduce Bad Loans

The European Commission approved on Thursday a Greek plan to reduce its bad loans at the country's banks by up to 30 billion euros ($33.04 billion), saying that the proposal did not violate state aid rules. The plan, known as...

EU Report Finds Number of School Dropouts Decreases in Greece; Average Scores Drop

The annual EU Education and Training Monitor for 2019 was published by the European Commission on Thursday, revealing some very interesting results about the situation of education across the Union and of course in Greece. According to this year's report,...