Calamos Supports Greece

greece financial crisis

Varoufakis: Greek Banks and State Should Not Have Been Saved

The bailout plan that saved the banks and Greek state, has allowed  the country to remain in “same black hole” from over a decade ago, according to Greece's former finance minister Yanis Varoufakis. Even as the bailout program comes to its conclusion, during an...

Greeks' Pensions Could Drop to €620 a Month in Four Years Time

Pensions in Greece have decreased substantially over the last few years as the financial crisis has dictated the government's commitments to its foreign lenders as part of the bailout program and according to data from the midterm fiscal plan...

After Seven Years of Austerities 40% of Greeks Cannot Afford to Pay Their Utility Bills

Following seven years of austerities which have caused employees' wages to be slashed, stores and companies to close, hikes in taxes and higher prices for everyday goods, more than 40 percent of Greeks are unable to afford to pay...

German President Steinmeier: Greece Will Take on More Reforms to Improve Economy and Social Cohesion

Greece still has not reached the end destination and it will take additional reforms, even if economic indicators are improving. German President Frank-Walter Steinmeier said in an interview with Kathimerini newspaper on Friday, adding that the end objective is that...

Chamber Head: Political Parties in Greece Must Agree on National Economic Plan

Political parties in Greece must agree on a national plan to help Greece exit the crisis and achieve growth, the president of the Greek-German Chamber of Commerce and Industry, Mihalis Maillis said on Wednesday, during the chamber’s New Year’s...

Greece to Receive Help From World Bank

The World Bank and the International Finance Corporation (IFC) on Wednesday promised Economy Minister Dimitris Papadimitriou to help Greece in its efforts to return to growth. According an Economy Ministry announcement, Papadimitriou had separate meetings with American and Greek-American businessmen...

Over 600,000 Households Have to Wait Until February for Heating Oil Allowance

Over the past several years, Greeks have had to cut corners and spending on modern conveniences in order to make ends meet due to rising taxes, slashed wages and pensions. According to a 2015 survey by the Greek Ombudsman, a constitutionally...

Monday's Talks Between Government Officials and Creditor Envoys Results in 'Substantial Convergence,' FinMin Says

According to the Greek Finance Ministry, another day of negotiations regarding the country's third bailout has concluded between Greece's international creditors and government officials, resulting in "substantial convergence," with the creditor envoys. Officials say that the specific details of the agreements...

Colliers International Reports Attica Storefront Rentals Increase in Popular Shopping Areas

According to the latest survey by the industry-leading global real estate company Colliers International, Attica's storefronts have seen an increase in the amount of rentals this year, particularly in popular shopping areas. This latest data seems to suggest some sort...

ESM's Regling: Optimistic in Finding Solution to Greek Debt Sustainability

The short-term measures on Greece’s debt that the European Stability Mechanism (ESM) is preparing will be presented at December’s Eurogroup, ESM’s Managing Director Klaus Regling said after the Eurogroup meeting in Brussels on Monday. Regling said there’s been progress in...