Calamos Supports Greece

state debt

Greek State Debt to Private Sector Exceeds €3 Bln

With €306 million added in August, Greek State debt to private companies and individuals reached €3,036 billion, from €2,73 billion at the end of July. From the €3,036 billion, €1,974 billion are debts of government organizations and agencies to businesses doing...

BoG: State Generating More Debt Than it Is Repaying

The Bank of Greece (BoG) recently released data showing that the amount of state debt that Greece generates is mounting to figures that it is unable to pay off. Despite the increase in taxes and new higher social security contributions,...

State Debt Mounting as Bailout Review Is Delayed

There is no end in sight for the mounting dues the state owes to both the market and taxpayers causing congestion in the market and for businesses in Greece. With a total of some 5.05 billion euros owed to both the market...

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...

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...

Greece Receives Delayed €1 Bln Loan Tranche

The Euro Working Group is to approve on Thursday a 1-billion-euro loan subtranche as Greece has legislated the 13 prior actions required by the bailout program. The tranche is delayed by two months as the prior actions were originally scheduled...

Greek State Owes €6 Bln to Businesses and Individuals

  The Greek state budget until end of October does not include payment of debts to individuals and private businesses that amount to 6 billion euros and estimated to reach 7 billion by the end of 2015. Based on the bailout agreement...

Outstanding Greek State Debt Up 32% in 5 Months, Exceeding €5 Billion

The outstanding Greek state debt went up 32% in the first five months of 2015, exceeding 5 billion euros, according to Greece's Finance Ministry figures released on Thursday. At the end of May, the total state debt to suppliers of goods...