Calamos Supports Greece

Society

25% Increase in Online Purchases

Infobank Hellastat has reported a significant growth in recent years in the domestic online market, mainly due to lower prices compared to conventional stores, and Greek consumers’ gradual familiarization with technology. An ELTRUN survey cited in Infobank Hellastat’s study, shows that in...

Germany Opens Door to Last-Minute Deal Between Greece and Creditors

The German government seems to have opened the door for a last-minute deal between Greece and its international creditors, said the German spokesperson for Chancellor Angela Merkel. According to a report in Germany's The Local, Greece's request for a loan...

Greek Bank Deposit Outflows Continue at Alarming Level

Greek depositors withdrew over 1 billion euros from their bank accounts in the last two days, bringing deposit outflows to the January high levels. In January -- month of snap elections -- a total 12 billion euros were withdrawn from...

Top Economists and Academics Urge EU for Agreement with Greece

Eighteen top economists and academics, including two Nobel prize winners in economics, have signed a joint statement, published in The Financial Times, expressing the opinion that the European Union should reach an agreement with Greece. At the same time, the...

Economist: Greece Blew the Chance to Make Euro Zone Work Better

"It is depressingly typical for a government that, for all its high popularity at home, has squandered every opportunity to improve its lot, and ultimately that of the euro zone," says a report on The Economist. The article criticizes Greece's...

Health Clinic in Northern Greece Treats the Poor

Social health clinic "Hygeia" in Thessaloniki provides relief to around 350 poor and uninsured Greek citizens. The clinic is even visited by parents who are unable to pay for a pediatrician and regular check-ups required for infants. The clinic belongs...

BBC Explains Grexit in Tasty Greek Food Terms [Video]

Those imaginative folks at BBC business news found a rather tasty way to explain what Greece's exit from the euro zone would mean by using gyros, or kebab, as they call it in Britain. In the three-minute video BBC reporters have prepared,...

VideoLottery Terminals to Bring OPAP €1 Billion Per Year

OPAP gaming company anticipates net profits between 800 million and 1 billion euros per year from its VideoLottery Terminals (VLTs) once they start operating. The gaming company will operate 35,000 VLT terminals in Greece after obtaining a license in 2011...

Semantics Important in Greece's Bailout Extension Compromise

Greece submitted today its proposal to euro zone partners requesting a six-month extension to the existing loan agreement. However, the phrasing is of much importance to the Greek government. Prime Minister Alexis Tsipras has spoken of an "honest compromise." Athens...

Peculiar Liquid Seeping from Crucified Christ Icon in Corinth, Greece

A peculiar incident has drawn attention to the small village of Aspokambos in Corinth Greece, over the last few days. According to Metropolitan Dionysios of Corinth, after the national election of January 25, an oily, sticky, odorless liquid started seeping...

Greek Minister of Transparency Vows to Fight Corruption

Panagiotis Nikoloudis is not a politician, however he was appointed by the new leftist SYRIZA-led government to fight one of Greece's major plights: corruption. The supreme court prosecutor who is now Minister of Transparency and Anti-Corruption is a specialist in economic crime...

Weather Conditions Worsen in Attica, Greece

People in Attica, Greece woke up to find their cars and yards covered in snow. Weather conditions across Greece are quickly taking a turn for the worse causing major problems both on land and sea. The areas of Parnitha and...

Homeless Man Burned to Death Trying to Get Warm

A homeless man was found burned to death in the Ampelokipi neighborhood of Athens. Authorities say the man had lit a fire trying to get warm and was accidentally burned to death. The man was approximately 50 years old and...

Greece and Germany in Bitter Verbal Exchange Over Bailout

With Greece proposing a six-month loan agreement and Germany insisting on the continuation of the current bailout program, there is a constant exchange of bitter words between officials of the two countries. Greek Prime Minister Alexis Tsipras has stated repeatedly...

Greek PM Tsipras to Meet with President of the Republic on Wednesday

Prime Minister Alexis Tsipras is expected to meet President of the Hellenic Republic Karolos Papoulias at the Presidential Mansion on Wednesday at noon, the Athens-Macedonian news agency reported on Tuesday. On Tuesday, the Greek premier briefed Mr. Papoulias, The River...