Calamos Supports Greece

GDP

We Continue to Expect Economic Growth in Greece in 2017, EC Commission's Breidthardt Says

We continue to expect economic growth in Greece in 2017, European Commission spokeswoman responsible for Economic Affairs Annika Breidthardt on said on Monday, regarding the latest GDP figures. Greek statistics agency revised its estimates on the course of the country's...

No Discussion for Implementation of Measures as of 2018, Gov't Spox Tzanakopoulos Says

"There is no discussion on the implementation of measures as of 2018," stated government spokesman Dimitris Tzanakopoulos in a press briefing on Thursday. "At this particular phase of the negotiation at a technical level, it is necessary for all sides...

BoG: Greek Economy Could Grow by 2.5% in 2017

The Greek economy could grow by 2.5 % this year on conditions, the Bank of Greece said in its Annual Report, presented by governor Yiannis Stournaras on Friday. Based on current data, the country's primary surplus in 2016 is expected...

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,...

IMF Asks for Lower Tax-Free Threshold and Pensions

The International Monetary Fund (IMF) wants Greece to legislate a lower tax-free threshold and pensions which would be implemented in the “near future” and after the economy has started recovering, its spokesman Gerry Rice said at a regular press...

Greece at the Bottom of Inclusive Development Index Ranking

Greece has ranked last among developed economies, according to the Inclusive Development Index (IDI) compiled by the World Economic Forum (WEF)  and published on Friday. According to the Forum's report (The Inclusive Growth and Development Report 2017), Greece ranked 29th...

Greeks Lost one GDP in Net Wealth During the Crisis

Greeks' present net wealth, excluding loans, was 856 billion euros, from 1,023 billion in 2009 -- before the Greek debt crisis -- and 683 billion euros in 2000 before the country entered the Eurozone, according to Credit Suisse data...

ECB: Greece Forecasted to Achieve Growth Rate of 0.1% of GDP in 2016

The European Central Bank (ECB) forecasts that Greece will achieve a growth rate of 0.1 percent of GDP in 2016, in the Eurosystem staff macroeconomic projections for the euro area countries posted on its website on Thursday. Growth rates in...

Greek FinMinTsakalotos: Good That Short-Term Measures on Debt Will be Implemented Now

The short-term measures on debt relief for Greece will be implemented immediately and are more ambitious than initially expected, Finance Minister Euclid Tsakalotos said on Monday after the end of the Eurogroup meeting in Brussels. “Everyone confirmed that important progress...

ND Party Says GDP Data Increase Is No Reason for Joy

The recovery registered in Greece in the third quarter of 2016 is no cause for celebration, New Democracy (ND) said in a statement on Monday, noting it is compared with a devastating quarter last year. "The government is extolling the...