Calamos Supports Greece

ELSTAT

Motor Vehicle Sales Fall Sharply In 2011

For the fourth year in a row, automobile sales continue their downward spiral in Greece. According to the Hellenic Statistical Authority (ELSTAT), vehicles sales in 2011 fell by 31.3%. Car sales showed a general 30% decline in 2011, despite new...

Greek Customs Official Denies Involvement in Fuel Smugglers

ATHENS -  A top-ranking Greek Finance Ministry official who resigned under fire after charges he waived fines on some 3,500 gas stations for unlawful fuel trading denied any wrongdoing and said the penalties weren’t warranted because a government electronic...

Greek Prosecutor Charges Customs Officials in Tax Case

ATHENS – With pressure mounting on Greece to go after tax evaders and an embarrassing turnaround for the government after two top prosecutors going after tax cheats first resigned over what they said was political interference only to quickly...

Greek Statistics Chief: "I’m Being Prosecuted for Not Cooking the Books”

ATHENS – Greek Statistics Chief Andreas Georgiou, an American-trained economist and former chief of numbers for the International Monetary Fund brought in last year to restore accuracy to the country’s reporting systems, says a pending probe against him on...

Greek Unemployment Hits 17.6% – and Climbing

Despite 18 months of pay cuts, wage hikes, and slashed pensions, a $157 billion bailout – and now forgiveness of half of its new debt – Greece’s unemployment rate has reached 17.6 percent, the second highest in the European...

Greece Records Largest Increase in Suicide Rates

Greece records the biggest rise in suicide attempts throughout Europe, said Mrs. Bekiari, member of NGO “Klimaka” during her interview to SKAI Radio. As pointed out by Mrs. Bekiari, 25% of the attempted suicides during the last year were ascribed...

Fake Deficit Employed to Impose Harsh Austerity Measures

According to Zoe Georganta, Professor of the University of Macedonia and until recently member of the board of directors of the Hellenic Statistical Authority (EL.STAT.), the data presented in 2009 concerning the country’s deficit were false and Greece entered...