Calamos Supports Greece

Eurostat

Over 5 Million Jobless Youths in EU; Greece, Spain at the Top

A new level of record unemployment was reached in the eurozone in July at 11.3%, the highest since the creation of the 17-member single European currency, while the percentage registered in the 27-member EU is 10.4%. The highest rate...

Greeks Not Big on Using Computers, Says Eurostat

The percentage of people that use computers between the ages of 16 and 74 in Greece is among the lowest in the European Union, based on a Eurostat report unveiled on Monday. Based on Eurostat's figures, as Athens News...

Central Government Budget Deficit Widens in January

Greece's central government budget deficit reached 490 million euros (408 million pounds) in January as tax revenues declined and spending increased from a year earlier, but the finance ministry said the data showed Athens on course to reach targets...

Greece Sees Record Rise in Unemployment in 2011

Greece, Cyprus and Spain are the EU countries seeing the highest rise in unemployment at the end of 2011 compared with the same period in 2010. This was seen in Eurostat data, which showed that Greece had the highest...

Europe Prefers Greek Tomatoes, Exports Increase

Exports of Greek tomatoes to European countries have recorded a 148% increase in the past year. The messages are very optimistic on the future of tomato exports, since most European countries seem to prefer the Greek product instead of...

Under-25 Unemployment Rises, Worst Rates Found in Spain and Greece

The rate of unemployment for those under age 25 continues to rise. In November 2011, it was at 22.3% in the 27 member states (compared to 22% in October 2011 and 22% in November 2010). The eurozone figure is not...

EU: Greek, Portuguese GDP per Capita Far Below EU-27 Average

In the European rankings of GDP per capita, calculated on the basis of purchasing power, in 2010 Greece, Portugal, Malta and Slovenia have between 10 and 20% lower levels than the EU-27 average. In the context of EU Mediterranean countries,...

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...

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...

EU Wants Greek Private Sector Workers Pay Cut Too

  ATHENS – With public workers set for another barrage of pay cuts – teachers already bracing for a retroactive salary slash of 380 euros, or $525 per month – European Economic and Monetary Affairs Commissioner Olli Rehn has proposed...