Calamos Supports Greece

Economy

Greece, China Celebrate 50th Anniversary of Diplomatic Ties

The 50th anniversary of Greece-China diplomatic relations was celebrated with a special event, attended by hundreds on Thursday evening, at the Zappeion Hall in central Athens. The event was also held in celebration of the 73rd anniversary of the founding...

July Becomes a Record-Breaking Tourism Month in Greece

Despite the waning COVID-19 pandemic and the political turmoil the EU is currently facing with the Russian invasion in Ukraine, July was a record-breaking month for tourism in Greece. July saw a high flux of tourists arriving in the...

More Than 40% of Greeks Can’t Afford to Take Vacation; Among Highest in EU

This summer has brought throngs of tourists to Greece but a new report found that more than 43 percent of all employed Greek citizens cannot afford to go on vacation. They totaled more than 1.6 million of the 38 million...

Euro Equal to the US Dollar for First Time in 20 Years

The exchange rate between the euro and the US dollar is the same on Tuesday for the first time in 20 years. As of Tuesday morning Greek time, one euro is equal to exactly one dollar, meaning that the value...

Prices of Goods Continue to Increase in Greece

Prices of everyday goods in Greece continue to increase, which has caused shoppers to cut back significantly in recent months. The cost of everything from electrical appliances, cars, milk, and soap has increased substantially in Greece, much like in most...

US Cancels $6 Billion of Student Loans

The US Department of Education has agreed to cancel $6 billion worth of student loans for over 250,000 people as a result of a settlement of a class-action lawsuit. The case, Sweet v. Cardona, involved 264,000 people who claimed that...

Top Greece Destinations Too Expensive for Locals

Due to the country's economic crisis, many vacation destinations in Greece have become exceedingly expensive, so much so that average Greeks cannot afford to travel in their own country. Much like in many parts of the world, the inflation rate...

Greek Inflation Rate Soared to 11.3 percent in May

Much like in many parts of the world, the inflation rate in Greece has soared to its highest rate in nearly thirty years this month. The Greek inflation rate reached 11.3 percent in May alone, which is up from 10.2...

Price of Bitcoin Drops to Nearly Two-Year Low

The price of bitcoin has fallen significantly this month with the value of the cryptocurrency reaching a 22-month low on Monday. Bitcoin's price has now dropped to $32,338.60 (30,627.89 euros) as of Monday evening, a slump which amounts to the...

US House Passes $1.5 Trillion Spending Bill as Inflation Soars to 7.9%

The US House passed a $1.5 trillion spending bill which will keep the government funded  until September. The nearly 3,000-page bill passed with bipartisan support in the House, and will now make its way to the Senate. Shalanda Young, White House...