Calamos Supports Greece

OECD

Stournaras Disputes OECD forecast

Greek Finance Minister said the Paris-based Organisation for Economic Cooperation and Development (OECD) was wrong in a report which predicted the country's recession would cointinue for a seventh year in 2014. The OECD report released on May 29 forecast that...

Greek Seven-Year Slump Seen by OECD Testing Limit of Bailout Aid

Greece may need additional funds under its bailout program from the European Union and International Monetary Fund as output drops for a seventh year in 2014, the Organization for Economic Cooperation and Development said. Gross domestic product will decline 1.2...

OECD Says Greeks Work More, Paid Less

Busting another myth about Greeks - apparently they aren't as lazy as the German say - the Parish-based Organisation for Economic Co-Operation and Development (OECD) has reported that they worked 2,032 hours a year in 2011, considerably higher than...

OECD Says Prices High In Greece

Already pummeled by big pay cuts, tax hikes and slashed  pensions that have cut their disposable income as much as 46 percent, Greeks are being hammered by some of the highest prices for products in the European Union, a...

Greek Children Not Well Off, But Happy

The United Nations Children's Fund, or UNICEF, conducted a research among the 29 wealthier countries of the Organization for Economic Cooperation and Development (OECD) that shows Greek children rank 25th in well-being, but 5th in a happiness index. The result...

Mythbuster: Greeks Work More Than Germans

The British newspaper The Guardian, in an article about the work ethic in European countries, noted a report that dispels the notion that Greeks are lazy and that they work more hours than even Germans, their frequent critics. According to...

Greek Red Tape Costs 14 Billion Euros

Greece's slow and burdensome bureaucracy is estimated to cost the cash-strapped country a total of 14 billion euros a year, ($18.26 billion) or 6.8% of Gross Domestic Product (GDP) - almost double the European Union average of 3.5%. That was...

Despite Greek Debt Deal, OECD Sees Recession

Even as Greek Prime Minister Antonis Samaras said the pending release of a $56.7 billion in a first series of installments in a second bailout of $172 billion has saved Greece, the Organisation for Economic Co-Operation and Development (OECD)...

Too Expensive: Fewer Greeks Studying Abroad

With a crushing economic crisis cutting back purchasing power, fewer Greeks are able to afford going abroad to study at universities. The Organization for Economic Co-operation and Development (OECD) Education at Glance for 2012 report showed the number of the...

OECD Chief Gurria Says Eurozone Will Stay Intact

The European Central Bank should do more to stem the crisis in the Eurozone because current financial entities are not sufficient, the Secretary-General of the Organisation for Economic Cooperation and Development (OECD) said on Sept. 2. "If you have the...