Calamos Supports Greece

GDP

EU Commission: Long Greek Recession Can End Next Year

Greece will enter its sixth year of recession in 2013 but will start to come out of it in the second half of the year, leading to a modest expansion in 2014, the European Commission said Wednesday in its...

IMF Sees Greece Missing Debt Targets by 2017

Greece will miss the five-year debt reduction target that underpins the country΄s 130 billion euro bailout, according to forecasts released by one of its main lenders on Tuesday. According to Reuters, the International Monetary Fund in its fiscal monitor report...

Greece to Stay in Recession for 6th Year, 2013 Draft Budget Shows

Greece's brutal recession is set to extend into a sixth year in 2013, when the economy will contract by another 3.8 per cent, according to forecasts in the draft budget submitted to Parliament on Monday. This year's recession will see...

Greek House Prices to Fall by 17% Says Fitch

Over the next two years, Greek house prices are set to fall by a further 17% according to ratings agency, Fitch. Since 2009. prices have already fallen by 20%, and the total decline is set to be 37%, if Fitch...

Bloomberg: Greece’s Highways are Smoother than its Finances

Cross the border to Greece from Bulgaria or Turkey and you move from narrow, potholed, lethal truck runs onto the wide and empty magic carpets of Greece΄s freeways. The financial crisis is global, but it΄s Greece that΄s a mess,...

Eurostat: Greece Below EU Average GDP Per Capita

According to latest Eurostat release, Greece remains below the average of the EU both in terms of GDP/capita and Actual Individual Consumption. AIC is a new indicator, which is more reflective of the real economic situation of individuals that...

Greek Economy Shrank 7.5% in Fourth Quarter

"Available non-seasonally-adjusted data indicates that, in the 4th quarter of 2011, gross domestic product (GDP)...decreased by 7.5 percent in comparison with the fourth quarter of 2010, compared with a decrease of 7.0 percent that was calculated for the flash...

Greek Economy Slumps Further In Fourth Quarter

Greece was plunging deeper into recession at the close of last year, documenting the devastation of the country's economy even before new austerity plans are implemented in the months ahead. Greece's gross domestic product contracted by an annual rate of...

2011 Budget Deficit Seen At Around 10% Of GDP

The Greek government΄s budget deficit is expected to be equivalent to around 10% of gross domestic product this year, above an already revised target of around 9% of GDP, a senior government official said Wednesday. He added that the economy...

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,...