Greece
Calamos Supports GreeceCalamos Supports Greece

Economy

Greek Economy to Receive Enormous Boost From EU Recovery Plan

  The Greek economy will receive a major boost over the coming years from the historic European Union decision to create a recovery fund, titled the "Next Generation EU" plan, agreed upon earlier this month, according to Bank of Greece...

Greece Records 6-Billion Euro Primary Deficit for First Half of 2020

  The Greek state budget recorded a primary deficit of 6.101 billion euros in the first half of 2020, from a budget target for a primary surplus of 313 million euros and after a primary surplus of 381 million in...

Greece's Financial Recovery Struggles as Pandemic Skews Budget

The coronavirus pandemic, which has negatively affected Greece's tourism and hospitality industries, is already widening the country's budget deficit and slowly pushing it back into recession. On Wednesday, Finance Minister Christos Staikouras announced that Greece is expected to suffer a...

Greece Facing Three Major Challenges in Summer 2020

Greece is facing three major challenges this summer, with PM Mitsotakis' government having to tackle Turkey's aggressive behavior in the Aegean, ensure that the post- coronavirus pandemic tourist season will be safe, and secure 32 billion euros from the European Union...

EU Report Notes Disturbing Trends in Greek Demographics

According to a European Commission report just released in Brussels, recent demographic changes in Greece may indicate problematic social and macroeconomic imbalances for the country in the future. The report itself presents long-term demographic trends across Europe, including their social...

Greek Economy to Contract by Almost 10 Percent, EU Says

The Greek economy is set to contract by 9.7 percent in 2020 because of the Covid-19 pandemic, the European Commission forecast on Wednesday. Greece, along with Italy, Spain and Portugal will be among the hardest hit nations by the economic...

New Forecast Warns Greece Could See a Drop of 52% in International Arrivals in 2020

The International Air Transport Association (IATA) published on Thursday its revised forecast for the impact of the COVID-19 coronavirus in various destinations around the world. The IATA said that airline companies are expected to lose a staggering $89 billion in...

April 23, 2010: Ten Years Since the Official Beginning of the Greek Financial Crisis

It was a day much like this on April 23, 2010, when the then-Prime Minister of Greece George Papandreou announced from picturesque Castellorizo Island that Greece would officially ask for financial assistance from its fellow Eurozone member-states as the...

Greek Fruit Exports Boom as Consumers Worldwide Turn to Healthier Products

The coronavirus pandemic and the unprecedented havoc it has caused across the entire world has dealt an enormous and unprecedented blow to nations' economies. However, one agricultural sector seems not only to be emerging from the crisis without a scratch...

PM Mitsotakis Reiterates Greece Will Overcome the Coronavirus Crisis

Speaking with Greece's Kathimerini newspaper on Saturday, Greece's Prime Minister Kyriakos Mitsotakis expressed his belief that Greece will overcome the coronavirus crisis. Mitsotakis admitted that 2020 will be a year of recession for the Greek economy, but stated that 2021...