Calamos Supports Greece

inflation

US Fed Interest Rate Hike is Highest in Nearly 30 Years

The US Federal Reserve's decision to raise interest rates by three quarters of a percent on Wednesday—the biggest hike since 1994—was designed to rein in the country's overheated economy and fast-rising inflation, which have led to price spikes market...

Top Greece Destinations Too Expensive for Locals

Due to the country's economic crisis, many vacation destinations in Greece have become exceedingly expensive, so much so that average Greeks cannot afford to travel in their own country. Much like in many parts of the world, the inflation rate...

Greek Inflation Rate Soared to 11.3 percent in May

Much like in many parts of the world, the inflation rate in Greece has soared to its highest rate in nearly thirty years this month. The Greek inflation rate reached 11.3 percent in May alone, which is up from 10.2...

JP Morgan Boss Jamie Dimon Warns of Economic “Hurricane”

Jamie Dimon, chairman and chief executive of JP Morgan Chase, described the challenges facing the US economy as akin to a “hurricane” down the road. Dimon’s comments come a day after US President Joe Biden met Federal Reserve Chairman Jerome...

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...

Inflation in Greece Hits Double Digits at 10.2 Percent

Greece's annual consumer inflation jumped to its highest level in 28 years in April at 10.2 percent on the back of surging costs for energy, housing, transportation and foods, official data showed on Tuesday. The increase of inflation by 2.1...

Russian Ruble Recovers To Pre-Ukraine War Levels, Inflation Soars

The Russian ruble not only recovers to pre-Ukraine war levels but it also hit a two-year high against the US dollar Friday April 29.

Greek Economy Upgraded by S&P Global Ratings

The Greek economy got a vote of confidence by S&P Global Ratings on Friday which upgraded its debt rating to BB+. “The upgrade reflects our expectation of a continuous improvement in Greece’s policy effectiveness, while the fallout from the war...

Greece Raises Minimum Wage by €50 a Month

Greece's Prime Minister Kyriakos Mitsotakis announced on Wednesday that the minimum wage will be raised by €50 a month ($54) from €663 at present to €713 ($773) beginning on May 1st. In a televised address, Mitsotakis asserted that the latest...

Greek Unions Protesting Rising Prices Hold General Strike

Greek unions held a rally in central Athens and other major cities on Wednesday during the general strike in protest against rising prices that have reduced the disposable incomes of workers. The 24-hour strike has been called by Greece's umbrella...