Calamos Supports Greece

Greek Economy

Greece Sixth for Most Cryptocurrency ATMs in European Union

Even with little awareness of cryptocurrency and blockchain technology, Greece ranks sixth in terms of the number of cryptocurrency ATMs. This is out of twenty-seven European member states. There are currently sixty-four active ATMs for usage, mostly concentrated in the...

Rockefeller International: Greece’s Economy Among ‘Seven Wonders’ of the World

Greece's economy is among the seven wonders of the world, Ruchir Sharma, Chair of Rockefeller International writes in the Financial Times. He says that Greece defies the prevailing pessimism on the economic prospects throughout the world. The other six nations...

Greek Budget Revenues Exceed Targets in August

Greek budget revenues exceeded targets by 1.4 billion euros in August and by 5.6 billion euros in the January-August period, according to data released on Friday. Commenting on this development, Alternate Minister Theodore Skylakakis said: "Tax revenue significantly over-performed in...

Greece’s GDP Expands by 7.7% in the Second Quarter

Greece's gross domestic product (GDP) expanded by 7.7 percent in the second quarter compared with the same period in 2021, data showed on Wednesday. According to the Hellenic Statistical Authority, GDP increased by 1.2 percent in the second quarter of...

Greece’s Growth Higher than Forecast; Budget Deficit Lower

UBS, the Swiss-based investment bank has considerably raised its growth forecast for Greece’s gross domestic product (GDP) for 2022 while the finance ministry in Athens announced a much lower primary deficit than expected. UBS raised its estimate to 5.7 percent...

Greece Exits Enhanced Surveillance Status After 12 Years

A letter from EU officials has confirmed Greece's exit from the enhanced surveillance status in August 21.

98% of Greeks Believe Corruption is ‘Widespread’ in Greece: EU Report

A staggering 98 percent of Greek citizens think corruption is "widespread" in their country, according to the latest European Union survey on the subject. That percentage among Greeks is far higher than the 68 percent of respondents among all EU...

US Marines Eat Alexandroupolis Out of All its Eggs

Hundreds of US Marines did their best to boost the Greek economy during a recent visit to Alexandroupolis, reportedly eating thousands of eggs from local restaurants after landing at the key military port city in northeast Greece. Several media reports...

Greece Falls in Rule of Law World Index

Greece has dropped eight positions in the World Justice Project's latest Rule of Law Index, an annual global report that measures adherence to fundamental tenets of an open and functional government and society. Greece is now ranked 48th out of...

EU to Relax Post-Bailout Monitoring of Greece

Greece is expected to get the green light from the June 16 meeting of the Eurogroup, in order to exit from its enhanced surveillance status.