Calamos Supports Greece

deposit outflow

Greek Bank Deposits Drop Second Month in a Row

Greek bank deposits dropped in February for the second month in a row after a 2.05 percent increase in December, according to a Bank of Greece report released on Tuesday. Greece's central bank data shows that business and household deposits...

Greeks are Hiding Over €50 Billion in Cash

The imposition of capital controls showed that Greeks have over 50 billion euros stashed away under mattresses, in drawers, buried in the yard or in bank safety deposit boxes. In July, with capital controls in full effect for the whole...