Calamos Supports Greece

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Europe Can Fight Putin by Imposing Cap on Gas Price, Greek PM Says

Greek PM Kyriakos Mitsotakis repeated a call for European action to cap gas prices in an article published by Bloomberg on Monday. While such a cap carried risks, he said, Europe must “take back control of its gas market" and...

Greece Braces for ‘Worst Winter Since 1942’ Due to Energy Crisis

Due to the energy crisis, Greece is bracing for the most difficult winter since 1942, the darkest year of the German occupation, a minister warned on Saturday. Minister of Development and Investment Adonis Georgiadis advised Greeks to seek alternative ways...

Energy Crisis Looms as Russia Halts Gas Supply to Europe

Russia's state-owned energy firm Gazprom halted gas supplies via the Nord Stream 1 pipeline to Western Europe on Wednesday for three days, the company said. The energy giant said that due to maintenance on Nord Stream 1, there would be...

Greece Doubles Power Subsidies for Households, Businesses

On Tuesday, Greece announced the doubling of power subsidies for households and businesses in September, as the price of electricity has skyrocketed. Wholesale electricity price reached 549 euros per megawatt-hour (MWh) on Monday and is due to rise to 616.38...

EU Nations Urged to Cut Gas Usage Amid New Putin Warning

The European Union (EU) told member states on Wednesday to cut gas usage by 15 percent until March as an emergency step after President Vladimir Putin warned that Russian supplies sent via the biggest pipeline to Europe could be...

Inflation in Greece Climbs to 12 Percent in June, Growth Revised Downwards

Inflation in Greece reached 12 percent in the month of June from 10.5 percent in May and 9.1 percent in April, according to data released by Eurostat, the official statistical authority of the European Union announced on Friday. The rate...

High Gas Prices the Result of Fiscal Policy Says Calamos CEO Koudounis

As the US national average gas price hit $4.6 per gallon, Calamos President & CEO John Koudounis says that this is mainly due to the fiscal policy pursued by the Biden administration. In his May 30, 2022, conversation with Fox...

EU Issues Guidance on Russian Gas Payments in Rubles

The European Union has softened its stance on the purchase of Russian gas and oil, as it released a series of guidelines for European companies to purchase fuel from the country and avoid breaching sanctions on Monday. The bloc proposed...

Greek Shipper to Provide Germany with Liquified Gas Storage Facilities

A Greek shipping company has struck a deal this week with Germany to provide two floating liquified gas units as Berlin tries to reduce its reliance on Russian gas. George Prokopiou’s Dynagas Ltd signed the agreement for the storage and...

Biden, EU Agree Gas Deal to Curb Reliance on Russia

US President Joe Biden and the EU President Ursula von der Leyen announced on Friday a major deal on liquified natural gas, in an attempt to reduce Europe's reliance on Russian energy. The agreement will see the US provide the...