Calamos Supports Greece

GDP

Greek Economy Grows 1.5% in 3rd Quarter

The Greek economy grew 1.5 percent in the third quarter of 2016, laying the foundations for its return to positive growth rates in 2017. The Hellenic Statistical Authority, in a report released on Monday, said the country's Gross Domestic Product...

European Commission: Recession in 2016, Growth in 2017 in Greece

The European Commission predicts that the end of 2016 will find Greece with a 0.3% recession, but 2017 will follow with a 2.7% growth, according to the autumn estimates. The EC report says that Greek economy stagnated in the first...

EBRD: Greek Economy will Grow 2% in 2017, While 2016 will End With Zero Growth

The growth rate of the Greek economy in the second half of 2016 will probably be positive, resulting in zero at the end of the year, according to a European Bank for Reconstruction and Development report. The report, called Regional...

Greece Among Top 3 Big Spenders of the Eurozone

Greece's state expenditure is 55 percent of the country's GDP, one of the biggest spenders of the Eurozone despite austerity. The only other two countries with higher government expenditure are France and Finland. The revelation is based on a...

ELSTAT: Greek Statistics Show Deepening Recession in First Half of 2016

The Hellenic Statistical Authority (ELSTAT) announced the GDP for the 2nd quarter for 2016. Seasonally adjusted data showed that GDP in the second quarter increased by 0.2 percent compared to the first quarter against an increase of 0.3 percent...

PM Tsipras: FT's Article on Greek GDP Data is 'Best Response to Doomsayers'

Greek Prime Minister Alexis Tsipras responded to an article published in the Financial Times on Friday, which commented favorably on Greek economic data and was titled “Greece Surprises with Economic Growth”, saying it is “the best response to doomsayers”. Greece...

Greek Unpaid Debt to State Funds at 50% of GDP

Overtaxed Greek citizens are having difficulty meeting their obligations with the Greek tax department. In May, taxation and businesses, according to data released by the General Secretariat of Public Revenue, left 1.25 billion euros worth of unpaid taxes. Overdue...

ND Proposes Less Spending, Fewer Taxes, Mitsotakis Tells SEV

New Democracy's proposal for governing the country consisted of a two-pronged approach based on less spending and fewer taxes, main opposition leader Kyriakos Mitsotakis said on Tuesday, addressing the annual general meeting of the Hellenic Federation of Enterprises (SEV). Mitsotakis...

Eurostat: Greek Economy Shrinks 0.5% in First Quarter

The European statistics authority (Eurostat) has released its latest figures showing a 0.5% drop in GDP in Greece, in the first quarter of 2016. At the same period, euro zone as a whole showed a 0.6% rise in GDP, while...

Mitsotakis at ‘Posidonia’: ND has Always Supported the Shipping Sector

New Democracy has traditionally favored the development of the shipping sector and the people employed in it, party leader Kyriakos Mitsotakis said on Monday during a speech at the opening of international shipping show “Posidonia 2016” in Athens. “This is...