Calamos Supports Greece

Economy

Quartet of Representatives Turns Down Again a Government Proposal for a Financial Transaction Tax

In seeking ways to close the “fiscal gap,” the Greek government has proposed to the country’s lenders on at least two different occasions imposing a financial transaction tax. The proposal was rejected both times. Nonetheless, Greek officials involved in current...

Success of Greek Program Jeopardized Due to Delays in Evaluation

The success of Greece’s economic reform program is in jeopardy due to the delays in its first review, for which the International Monetary Fund (IMF) is mainly responsible, Finance Minister Euclid Tsakalotos said on Wednesday, during a hearing in...

ND Spokesman Slams PM About Refugee Issue, Economy and Negotiations

Main opposition New Democracy (ND) spokesman Giorgos Koumoutsakos on Thursday sternly attacked the government at his opening address during a press briefing. "The country touches point zero. The refugees issue is almost out of control. The real economy is a...

Tobacco Smuggling: Smoking the Taxes Away

More than 33 million packs of illicit cigarettes have been confiscated in the Greek and Cypriot customs at the end of January by the European Anti-Fraud Office (OLAF) and the General Secretariat against corruption (AFCOS Greece). The two organizations...

Greek Church On the Verge of Bankruptcy

With its income reduced dramatically and huge amounts of money lost in stocks and assets, Greece's Church might be soon faced with bankruptcy. Many monasteries in Greece will soon be unable to pay their workers whereas some cannot even...

Pessimism at Athens Stock Exchange As Troika Reviews Greek Bailout Program

The Athens stock market experienced losses following the first meeting between Greek government officials and the country’s creditors, especially since there were no news on the negotiation front. After a day of light trading, the Athens stock exchange general index...

Greece Needs Additional Austerity Measures and Reforms to Get Debt Relief, Says ESM Managing Director Klaus Regling

While the voices calling for the “haircut” on the Greek debt are growing ever stronger, European Union (EU) officials remain steadfast, sticking to their position that what is of the utmost importance right now is the implementation of the...

Tsipras Seeks Clarifications from Lagarde at Davos for WEF

Greek prime Minister hopes to make some good use of his visit at Davos for the Annual World Economic Forum by advancing Greece’s case on debt restructuring, among other things. He will meet both with the IMF’s Managing Director...

Overdue Debts to Private Sector Still Out of Budget

The payoff of overdue debts to businesses and pensioners is still out of the budget. Up until the end of September the debts have reached nearly 6 billion euros and are estimated to exceed 7 billion euros by the...

European Central Bank: "Greece Still in Jeopardy of Defaulting"

The European Central Bank (ECB) noted that even though after July Greece's expectations to default diminished, the stakes are still high due to concerns over an early and full implementation of the third bailout  program. For what concerns the Eurozone...