Calamos Supports Greece

inflation

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...

Inflation Soars to 8 Percent in Greece, 7.5 Percent in the EU in March

Inflation in Greece jumped to 8 percent in March, and to 7.5 percent in the EU, according to preliminary data released on Friday by Eurostat, the statistical office of the European Union. The inflation rate in Greece was 7.2 percent...

US Fed Raises Interest Rates for First Time Since 2018 to Stem Inflation

The US Federal Reserve announced a quarter-percentage point interest rate increase on Wednesday, nearly two years to the day the central bank slashed its benchmark federal funds rate to zero amid the recession triggered by the COVID-19 pandemic. "It's clearly...

US House Passes $1.5 Trillion Spending Bill as Inflation Soars to 7.9%

The US House passed a $1.5 trillion spending bill which will keep the government funded  until September. The nearly 3,000-page bill passed with bipartisan support in the House, and will now make its way to the Senate. Shalanda Young, White House...

Inflation in Greece Soars by 7.2% Following Rise in Electricity, Fuel

Greece's annual inflation rate soared by 7.2% in February compared to 6.2% in January, which has accelerated a trend that has followed the COVID-19 pandemic and now the Russia-Ukraine conflict, official statistical data released Thursday indicates. The surge in consumer...

Greece’s Annual Inflation Rate Jumped to 6.2% in January

Greece's annual inflation rate jumped to 6.2 percent in January from 5.1 percent in December and -2 percent in January 2021, the Hellenic Statistical Authority said on Tuesday. More specifically, all items included in the so-called "basket of goods" recorded...

John Calamos Talks Inflation, Interest Rates, Market Volatility

John P. Calamos, Sr., one of the most prominent financial experts worldwide, says that in 2022 there will be a great deal of volatility in the markets, caused by rising inflation and interest rates. In an exclusive interview with Greek...

Greek Economy to Grow by 4.9 Percent in 2022, EU Says

The Greek economy is expected to grow by 8.5 percent in 2021, 4.9 percent in 2022 and 3.5 percent in 2023, the European Commission said in its Winter economic forecast report released on Thursday. It, therefore, revised upward its earlier...

Turkey’s Doctors Are Leaving the Country Because of Inflation

Turkish doctors are emigrating from Turkey in unprecedented numbers due to the effects of inflation on the country. While inflation has severely impacted Turkey's economy, it has also had profound effects on the country's culture, ramping up violence and instability. Doctors...