Calamos Supports Greece

inflation

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...

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...