Greece
Calamos Supports GreeceCalamos Supports Greece

growth

German Experts: Growth in Eurozone and Greece Under Conditions

According to the annual report of the German Council of Economic Experts; there will be growth in the eurozone and in Greece, but only under conditions. The 460-page report was presented to the German government and predicts a 2.0% growth in...

Despite Government Boasting Over Growth, Greeks Get Poorer, Businesses Keep Shutting Down

Greek Prime Minister Alexis Tsipras is packing his bags to leave for the United States for an official meeting with President Donald Trump. With him he will have an entourage of associates and businessmen in order to lure investors to...

IMF: Greek Economy to Grow by 2.6% in 2018, Weaken in 2022

The International Monetary Fund on Tuesday said that the Greek economy will grow by 2.6% in 2018, up from a 2.4% growth rate estimated in a draft budget plan tabled to Parliament by the Greek government last week. The Fund's...

EU Commissioner Moscovici: Growth has Returned to Greece

Growth has returned to Greece after so many years, jobs have opened and investors are returning to Greece, European Commissioner for Financial Affairs Pierre Moscovici said in an interview with the Athens-Macedonian News Agency. "Greece ought to have made these...

Industrial Production Growth Eases After 8 Months

Greece's industrial production growth eased markedly in June, after accelerating in the prior month, preliminary data from the Greek Statistical Authority (ELSTAT) showed Tuesday. Industrial production climbed a working-day-adjusted 1.6% year-over-year in June, much slower than the 6.3% increase in...

Greek PM Starts Campaign to Give Positive Spin on Eurogroup Deal

Prime Minister Alexis Tsipras on Monday starts a tour of regions in order to speak about the positive aspects of the June 15 Eurogroup agreement and its impact on the Greek economy. The tour will follow the disbursement of the...

SEV: Growth in Greece Will Not Come With Gyms and Hair Salons

In crisis-stricken Greece the businesses that flourish are hair salons, dry cleaners, funeral parlors, electronics repair shops and gyms, says the weekly Hellenic Federation of Enterprises (SEV) report. However, the bulletin says, such businesses will not bring growth, as the only...

Greek Central Bank Warns of a New MoU in 2018; Lowers Growth Estimate

The Governor of the Bank of Greece Yiannis Stournaras, warned of the possibility of a new Memorandum of Understanding (MOU) with the country’s creditors if initiatives are not taken by Greece’s partners to resolve the country's debt. Presenting the annual...

Greek PM: 'We are Under Pressure, but also have Political Momentum'

Greece's Prime Minister Alexis Tsipras on Thursday addressed his cabinet saying that the agreement with creditors is "defendable" and that the International Monetary Fund "did not succeed in fully meeting any of its targets." Tsipras said that the IMF had...

Greek Economy Stagnant as Euro Zone Figures are on the Rise

The Greek economy remains in recession while figures for the rest of the euro zone have taken a positive turn with growth on the horizon, as new Eurostat data released on Tuesday show. Unemployment is at its lowest in eight...