Calamos Supports Greece

black money

Greece's 'Shadow Economy' Ranks First Worldwide at 21.5% of GDP, study shows

Greece's 'shadow economy' ranks first in the world estimated at 21.5% of gross domestic product, a study by the Institute for Applied Economic Research at the University of Tübingen in Germany (IAW) says. The study, which is published in Forbes, defines...

Talks Between Greek Officials and Lenders Reveal Sharp Differences on Critical Economic Issues

The representatives of Greece’s official lenders appear to have rejected the government’s proposal for tackling the problem of “black money” by charging fines of up to 35% to those who claim they "forgot” to declare income. Instead, it has been...

Die Welt: The Greek Gov't Ignored 800 Bln In Black Money Transferred to Swiss Banks

“The Greek government has done nothing for a year to recover supposedly untaxed assets of Greek citizens in Switzerland. There is an invitation extending from 2014 by the Swiss Secretariat for International Financial Matters (SIF) to track the money and...

Tax Evasion Remains Troubling Problem for Greece

Tax evasion still hounds the Greek economic recovery, despite extensive measures taken by the Greek Ministry of Finance to reign in the problem. According to the Greek newspaper Imerisia, the turnover from tax evasion and illegal import-export of industrial products, fruits,...

Greeks Still Pay Bribes To Be Treated Properly In State Hospitals

Even as they remain incapable of covering most of their basic needs, many Greeks are still forced to give “fakelakia” (bribes) to public hospital doctors in order to be treated properly and on time. One of the more surprising aspects of Greece's crisis has...

One in Three Greek Physicians Found With Unjustified Incomes

As part of a full-scale operation conducted by the Greek Financial and Economic Crimes Unit (SDOE) targeting money laundering in the health sector, it was revealed that hundreds of physicians all over Greece were involved in tax evasion and...

Black-Cash-Greeks Love Posh London

A few days ago, Ms. Lagarde accused all Greeks of being tax evaders and said she feels no pity whatsoever for the Greek kids who faint out of starvation in school yards because their parents don’t pay their taxes....