Calamos Supports Greece

Christos Staikouras

New York Stock Exchange Celebrates Greece

The New York Stock Exchange (NYSE) celebrated Greece in a special ceremony titled “Greek American Issuer Day” on Thursday. NYSE flew the Greek flag on Wall Street and issued special commemorative medals to honor the occasion. The event organized in the...

Greece Projects Slower Growth for 2023

The economy of Greece will grow at a slower pace in 2023 after a strong rebound this year largely fueled by the tourism sector. The country's economic output is seen increasing by 2.1% next year from 5.3% this year,...

Greece’s GDP Expands by 7.7% in the Second Quarter

Greece's gross domestic product (GDP) expanded by 7.7 percent in the second quarter compared with the same period in 2021, data showed on Wednesday. According to the Hellenic Statistical Authority, GDP increased by 1.2 percent in the second quarter of...

Greece Exits Enhanced Surveillance Status After 12 Years

A letter from EU officials has confirmed Greece's exit from the enhanced surveillance status in August 21.

Greece Repays IMF Bailout-Era Debt Two Years Early

On Monday, Greece repaid its bailout-era debts to the International Monetary Fund (IMF), some two years early, Finance Minister Christos Staikouras announced. Staikouras added in a statement, "A chapter that opened in May 2010, with Greece's recourse to the Fund...

EU Revises Growth Upward, to 7.1%, for Greece in 2021

The European Commission has forecast strong growth rates of 7.1 percent in 2021 and 5.2 percent in 2022 for Greece in its autumn economic forecasts, published on Thursday. The EU's executive revised its forecasts for 2021 upwards compared to those...

Greece Raises $3 Billion by Reissuing 5-Year and 30-Year Bonds

Greek Finance Minister Christos Staikouras announced the successful reissue of Greece's 5-year and 30-year bonds. These bonds allow investors to invest in the Greek government's sovereign debt for the next 5 or 30 years, depending on which bond they...

Greece Receives Record Demand for its Bond Sale

Greece received its strongest-ever demand for a bond sale and cemented its place as one of Europe’s most sought-after borrowers.

Greece Raises $3.6 Billion from Five-Year Bond Issue

Greece has raised approximately 3 billion euros ($3.6 billion) after the completion of a five-year bond issue on Wednesday. Greek Finance Minister Christos Staikouras welcomed the successful raising of the funds, which came at an almost zero interest rate, setting a...

S&P Upgrades Greece’s Rating and Outlook

S&P Global Ratings, the American credit rating agency, upgraded Greece’s sovereign credit rating by one notch on Friday, to "BB" from "BB-".