Calamos Supports Greece

welfare benefits

Registered Unemployment up by 3% in October

Registered unemployment grew 3.07% in October from September; totaling 824,517 people, the Workforce Employment Organisation (OAED) announced on Monday. In its monthly report, OAED said that 59.83% of registered unemployed were out of work for more than 12 months and...

Greek PM Tsipras Announces Welfare Handouts of 1.4bn Euros

The Greek government will distribute one-off welfare benefits totaling 1.4 billion euros, which was made possible by the economy's outperformance, Prime Minister Alexis Tsipras said on Monday. “For a second year, we are in a position to distribute a social...

New Measures Required by Greece's Creditors Abolish 4 Welfare Allowances

Poorer households in Greece are hit by the new measures required by creditors as four welfare allowances have been abolished. The new austerity measures included in the omnibus bill voted in Greek parliament on Thursday leave out the four benefits...