Greece
Calamos Supports GreeceCalamos Supports Greece

Greek financial crisis

Eight Years of Greek Crisis Cost €600B

As we are approaching the eight-year-mark since the first bailout program was imposed on debt-ridden Greece, a look at the heavy losses Greek households have suffered through the crisis shows staggering findings. The crippling eight-year recession has so far caused...

PM Tsipras' Op-ed in Le Monde and Die Welt

Changing the European Game: Momentum for Growth The European ideal should not fade. But there is more to it than its mere survival. It will take more than that: the European ideal must inspire people again. It needs to become...

Dragasakis: Debt Relief Is 'Key' to Greece's Financial Recovery

The government is continuously requesting debt relief for Greece, government vice-president Yiannis Dragasakis said on Tuesday while speaking at a conference of the Greek Tourism Confederation (SETE). “The government ceaselessly demands a settlement of its debt issue, as the agreement itself...

ELSTAT: Less Vacations for Greeks

According to the Hellenic Statistical Authority (ELSTAT), Greeks cut back considerably on taking vacations due to tax hikes and financial obligations in 2015. Mostly those impacted are between the ages of 25 to 44 and the lack of Greek vacationers...

Ranking of Greek Universities Slips in 2016, Some Falling off the Chart

According to the annual review of university global rankings published by Quacquarelli Symonds (QS), Greek universities have slipped considerably in their ranking. Of the six top Greek universities that have consistently found themselves on QS's list of the top ranked...

IMF's Delia Velculescu to Return to Athens on Sept. 12

The head of the International Monetary Fund (IMF) mission in Greece, Delia Velculescu, is expected to return to Athens in mid-September, possibly on September 12, IMF spokesman Gerry Rice said during a press briefing on Thursday. He said the...

German Tourist in Crete to Taxi Driver: 'I don't have to pay you because Greece owes Germany money'

After taking what may be considered a long taxi ride from Agia Pelagia Hotel in Crete to the Airport in Heraklion, two German tourists refused to pay their taxi driver with the excuse that "Greece owes Germany money." Of course, life...

Cash Transactions Falling While Greeks Use Credit Cards Causing Retail Food Prices to Rise

For decades now it is an undisputed fact that in Greece, cash is king. People have been using cash across the country to cut better deals at markets as well as your average clothing store and even buying food in cash...

Regling: In Coming Weeks ESM will Present Proposals for Short-term Debt Relief for Greece

European Stability Mechanism (ESM) will present in the coming weeks its proposals on short-term debt relief for Greece, its managing director Klaus Regling said on Thursday in an interview with French newspaper Les Echos. Regling described the three short-term measures:...

Greek-Australians Buying Groceries Online to Help Relatives in Greece

There is an estimated 600,000 to 700,000 Greek-Australians living in Australia according to government statistics, and with no end in sight for the financial crisis gripping Greeks living in Greece, it is said that 10,000-15,000 Greeks have moved or returned to...