Calamos Supports Greece

ELSTAT

New ELSTAT Data Shows Decline in Greek Exports to European Countries

Exports of Greek products in countries of the EU have declined significantly (except for oil products that have not yet been calculated, while exports in other foreign countries present satisfactory rates and are in some cases increasing. The Hellenic Statistical...

Jobless Rate Hits New Record in Q4

Greece's jobless rate rose to a fresh quarterly record of 20.7 percent in the last three months of 2012, reflecting the country's deep economic malaise, exacerbated by austerity to repair public finances and emerge from a debt crisis. On Thursday,...

Greece’s Lost Generation: 51.5% Out of Work

ATHENS – Austerity measures imposed by international lenders in return for bailouts to keep the country from defaulting are taking their toll on Greek workers, with 21 percent now out of work – and 51.5 percent of those under...

Greek Economy Slumps Further In Fourth Quarter

Greece was plunging deeper into recession at the close of last year, documenting the devastation of the country's economy even before new austerity plans are implemented in the months ahead. Greece's gross domestic product contracted by an annual rate of...

Cuts Drive Greek Unemployment to Record High‎

Greece’s unemployment rate rose in November to a record high, while declining industrial production in December indicated a deepening economic contraction in the final quarter. The unemployment rate rose to 20.9 percent, from 18.2 percent the previous month, the Hellenic...

ELSTAT: Arrivals from Abroad Increased by 10.4%

According to the Border Statistical Survey conducted by the Bank of Greece, in the period from January to September of 2011, arrivals of non-residents from abroad increased by 10,4%, compared to the same period in 2010. More specifically, arrivals from...

Greek Prosecutor Wants Papandreou Investigated

ATHENS – Former Prime Minister George Papandreou should be investigated to see if there was any wrongdoing in how he handled the country’s economic crisis and imposed waves of pay cuts, tax hikes, slashed pensions and layoffs of public...

ELSTAT False Deficit Case Reaches Supreme Court of Greece

On Friday, financial prosecutor Grigoris Peponis submitted his initial findings on the Hellenic Statistical Authority (ELSTAT) case file to the country’s Supreme Court. According to a former employee of ELSTAT, Zoe Georganta, the statistics service had “cooked” the country’s public...

Greek Inflation Rose by 2.4% in December 2011

Greece's EU harmonized inflation eased to the lowest in four months in December, data released by the Hellenic Statistical Authority showed Wednesday. The harmonized index of consumer prices (HICP) increased 2.2 percent on an annual basis in December, slower than...

Greek Prosecutors Say Middlemen Interfered in Their Cases

ATHENS – Two Greek financial prosecutors who earlier resigned after complaining about political interference with their work – and then quickly returned – have stated that politicians and business executives used go-betweens to pressure them to speed up or...