Calamos Supports Greece

Economy

Greece Has Already Gained Investment Grade, Analysts Say

Greek bonds are already trading as though Greece has regained investment grade, bank analysts told Reuters on Friday. The news agency reports that investors consider Greece's return to investment-grade credit ratings "a done deal". "Investors are hopeful that the New Democracy...

Moody’s, Goldman Sachs Upgrade Prospects for Greek Economy

The prospects for the Greek economy have been lauded by two separate reports from  Moody's and Goldman Sachs. Moody's estimates that the general government debt will be falling below 150% of GDP in 2025 from 171.3% in 2022, thanks to...

Greek Stocks and Bonds Rally After Mitsotakis Election Win

Greek stocks and government bonds rallied on Monday after the conservative government of PM Kyriakos Mitsotakis secured a stunning victory in the elections. The Athens Stock Exchange General Index rose as much as 7.3% in trading on Monday, extending its...

Greece Close to Regaining Investment Grade Status, Goldman Sachs Says

On Friday, Goldman Sachs said that Greece is "on the cusp" of regaining an investment-grade rating more than 12 years after Greece's credit rating was impacted by the financial crisis. According to Goldman Sachs, the second-largest investment bank in the...

Greece on the Verge of an ‘Economic Megacycle’, Barclays Says

Greece is on the verge of a third economic megacycle irrespective of who wins the elections, Barclays Bank analysts forecast. The British multinational published a big report on Greece earlier in the week lauding the economic performance of Greece, which...

Bank of Greece Warns of Lavish Pre-Election Promises

The governor of the Bank of Greece (BoG), Yannis Stournaras, warned political parties in Greece on Wednesday that their pre-election promises could derail the economy. "The analyses carried out by BoG have pointed out the dangers inherent in fiscal populism...

Goldman Sachs to Pay $215MN to Resolve Gender Discrimination Lawsuit

Goldman Sachs has recently agreed to pay a sum of $215 million to resolve a lawsuit brought against them by around 2,800 female employees. The employees claimed that they were paid less than their male counterparts at the company. This...

Hewlett Packard to Invest in Artificial Intelligence in Greece

U.S. infotech giant Hewlett-Packard plans an investment to found a global Excellence Center in Artificial Intelligence in Greece.

S&P Upgrades Rating Outlook on Greece to Positive

American credit rating agency S&P Global Ratings upgraded Greece’s sovereign credit rating outlook to positive on Friday. S&P affirmed Greece’s rating at “BB+”, that is one notch below investment grade, given also the uncertainty the upcoming general election generates. However its...

Greek Alcohol Exports Achieved Historic Heights in 2022

Greek alcohol exports reached historic highs last year according to Eurostat statistics processed by SEAOP. Ouzo proved particularly popular and was hailed as the "flagship" of the Greek alcohol industry. Greek alcoholic beverages were especially sought-after in Germany, which was...

Is US Petrodollar Dominance Coming to an End?

A recent succession of oil deals has raised concerns in Washington that the supremacy of the dollar in oil transactions is threatened. Recent agreements made by countries like Saudi Arabia and China relating to the trade of crude and...

Greek Economy to Grow 2.2% in 2023, Central Bank Forecasts

The Bank of Greece has raised its economic growth forecast for Greece this year, according to the central bank’s governor, Yannis Stournaras. Presenting the bank’s annual report on Friday, Stournaras said that the Greek economy is expected to grow by...

Tesla Overtakes Mercedes to Become Most Valuable Auto Brand

Tesla has become the most valuable car brand in the world, according to the latest survey from Brand Finance. The electric-car pioneer, led by Elon Musk, saw its brand value skyrocket by 44% to $66.2bn, making it the first car...

Oil Prices Surge After OPEC+ Announce Unexpected Production Cut

On Monday, oil prices rose by as much as 6% after Saudi Arabia, Russia, Iraq, and other members of OPEC+ announced that they would be cutting production by as much as 1.15 million barrels per day from May until...

Yanis Varoufakis States “Let The Banks Burn”

Former Finance Minister of Greece, economist Yanis Varoufakis, proposes a digital alternative to private banking, provided by central banks.