Calamos Supports Greece

European Commission

EU Commission Revises Forecast for the Greek Economy Downwards

The European Commission revised its forecasts for the Greek economy downwards on Monday, envisaging a GDP growth of 3.5 percent in 2022 and 3.1 percent in 2023 (from 4.9 percent and 3.5 percent respectively in its winter forecasts made...

West Launches Economic War Against Russia Over Ukraine Invasion

The West launched an unprecedented economic war against Russia over the weekend after its invasion of Ukraine. The ruble plunged to a record low of less than 1 U.S. cent in value Monday after Russia was cut off from the...

Greek Economy to Grow by 4.9 Percent in 2022, EU Says

The Greek economy is expected to grow by 8.5 percent in 2021, 4.9 percent in 2022 and 3.5 percent in 2023, the European Commission said in its Winter economic forecast report released on Thursday. It, therefore, revised upward its earlier...

EU Revises Growth Upward, to 7.1%, for Greece in 2021

The European Commission has forecast strong growth rates of 7.1 percent in 2021 and 5.2 percent in 2022 for Greece in its autumn economic forecasts, published on Thursday. The EU's executive revised its forecasts for 2021 upwards compared to those...

Turkey Slammed by Europe for Expelling Ambassadors

Turkish President Recep Tayyip Erdogan's Saturday decision to expel ten ambassadors from his country has been termed "incomprehensible" by the governments of several EU nations. His most recent actions could lead to yet another diplomatic row between Turkey and...

Greece, Europe Brace for Afghan Refugee Influx

Greece and Europe are preparing for an influx of Afghan refugees as more are expected to flee the country following Afghanistan's takeover by the Taliban. Thousands of Afghans rushed to the capital's Hamid Karzai International Airport in hope of fleeing,...

Greek Economy to Grow by 4.3 Percent in 2021, Says EU

The Greek economy is expected to grow by 4.3 percent in 2021 and by 6 percent in 2022, the European Commission said in its forecast report.

EU Commission Approves €30.5bn Recovery Plan to “Reshape” Greece

The European Commission endorsed Greece's recovery plan, totaling 30.5 billion euros as President Ursula von der Leyen visits Athens.

Ouzo and Tsipouro are Officially Greek Beyond Europe Too

The European Union approved the geographical indication for ouzo and tsipouro, making the famous alcoholic beverages officially Greek.

EU Supports Africa With €1 Billion to Tackle COVID-19 Pandemic

Africa's Covid-19 struggle will be supported with over €1 Billion and expertise from Europe, the European Commission announced.  European Commission President Ursula von der Leyen announced on Friday at the G20 Global Health Summit in Rome a Team Europe initiative...