Calamos Supports Greece

financial crisis

Global Economy Expected to Slow to its Lowest Level Since 2008 Crisis

The World Bank, a global financial institution, predicts the world's economic growth will slow in 2023. This means that the global economy will not expand as quickly as it has in previous years. The projected growth rate for this...

Greece Formally Exits Bailout Era After 12 Years of Pain

Greece formally exited the bailout era on Saturday as the "enhanced surveillance framework" imposed by the EU was lifted after twelve years of painful austerity. In a message on Twitter, President of the European Commission Ursula von der Leyen hailed...

Bitcoin Could Bring Another Financial Crisis, Bank of England Warns

A senior deputy at the Bank of England cautioned on Wednesday that the cryptocurrency Bitcoin could lead to another financial crisis. Deputy governor Sir Jon Cunliffe said that governments must begin to instill stricter regulations on crypto, comparing the volatility...

Economic Sentiment Index in Greece Reaches Pre-Crisis Levels

The economic sentiment index in Greece rose to 109.5 points in December, from 107 in November, the Greek Foundation for Economic and Industrial Research (IOBE) announced in a report on Thursday. This is the highest level seen since November of...

Data Shows 3 Out of 10 Greek Businesses Set Up During Crisis Failed

According to a study which was recently conducted and published by Greece's Center of Planning and Economic Research, three out of every ten businesses that began their operations between 2008 and 2018 failed to survive. The overall failure rate for...

Poverty Threat Among Greeks Drops Significantly But Remains High

The percentage of Greeks who are at risk of poverty or social exclusion fell by three percentage points in 2018 compared to 2017. 31.8 percent of the Greek population were at risk of poverty or social exclusion in 2018, compared...

ESM Lauds Greek Economy's Achievements, Warns About Future Measures

The European Stability Mechanism (ESM) published its annual report for the year 2018 on Thursday. The European Institution praised Greece for its recent efforts strengthen the country financially, noting that 2018 was a landmark year for the country, mostly due...

Ex-PM Samaras Reveals Chancellor Merkel First Proposed Temporary Grexit in 2012

The former Prime Minister of Greece, Antonios Samaras, revealed in a documentary aired by SKAI on Thursday night, that Angela Merkel proposed a temporary Grexit in 2012. Samaras, speaking in the latest episode of SKAI TV's ''Greek Bankruptcy'' documentary, explained...

Austerity Cuts for Civil Servants Are Legal, Says Greece's Top Court

The Council of State, Greece's highest court, ruled on Friday that the austerity cuts imposed on the country's civil servants during the years of the financial crisis were legal. The ruling became public on Monday afternoon. The decision is limited...

Study Shows Greek Hotels Overwhelmingly Dependent on Foreigners

The latest figures regarding the guests staying at Greek hotels reveal that the share of Greek citizens staying in Greek hotels has decreased significantly since the year 2010. More specifically, the report, published by the Greek Chamber of Hotels’ Institute...