Calamos Supports Greece

European Commission

Greek Economy to Grow by 3.5% in 2021, EU Forecasts

The Greek economy will grow by 3.5 pct this year and 5.0 pct in 2022, the European Commission said in its winter economic forecasts released on Thursday. In the report, the EU's executive said economic recovery will continue, supported mostly...

EC Proposes New Restrictions on Travel from Outside EU

The European Commission (EC) proposed new restrictions on travel to help stop the further spread of the coronavirus and its variants as not only the overall case numbers but the number of variants continue to rise across the continent. As...

Greek Volunteer Example of Solidarity to Europe

Throughout the pandemic, Elias Giovanidis has been a volunteer at a food bank in Thessaloniki, providing meals for struggling families.

Greek PM Praises European Commission Decisions on Budget, Climate

In a statement on Friday, Greek PM Kyriakos Mitsotakis welcomed decisions regarding the European budget and climate goals made at the the meeting of EU leaders held in Brussels on Thursday. Mitsotakis praised the breakthrough made on the European budget...

EU to Purchase 300 Million Doses of Pfizer Covid-19 Vaccine

The European Commission announced that they will sign a deal to purchase up to 300 million doses of the Covid-19 vaccine produced by American pharmaceutical giant Pfizer and German biotech company BioNTech on Wednesday. This comes after early data from...

EU Threatens Turkey With Sanctions, Calls for Dialogue in Dispute With Greece

Facing rising tension over Turkey's energy exploration efforts in Greek and Cypriot waters, the EU called for dialogue and an end to the continued acts of aggression by Greece's neighbor on Monday. If Turkey does not heed the warning, European...

Greek Economy to Contract by 9 Percent in 2020, EU Report Says

The Greek economy is projected to contract by 9.0 percent this year; however, growth projections for 2021 foresee growth of 6.0 percent, the European Commission said in its Summer Economic Forecast report released on Tuesday. The EU executive body said...

EU Decides to Keep European Borders Closed Until June 15

The European Commission on Friday called on Schengen member states and allied states to extend the temporary restriction on non-essential travel to the EU for another 30 days, until June 15. Initially, unnecessary travel to the EU was banned until...

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...

European Commission Eases Budget Rules due to Coronavirus Pandemic

As a measure to aid EU Member States suffering from the coronavirus pandemic and its tremendous impact on their economies, the European Commission announced on Friday that state budget rules are eased. In order to aid people and companies, the...