Greece
Calamos Supports GreeceCalamos Supports Greece

political uncertainty

Greek Ferry Companies Seeking to Move Abroad

The economic and political uncertainty in Greece is forcing many Greek shipping companies to consider moving their ferries to other seas. Recent political developments, capital controls, the referendum and the uncertainty over the signing of the new bailout agreement, all...

More Greek Business Owners Move Their Companies Abroad

As capital controls continue and clouds of economic uncertainty loom over Greece, many business owners opt to move their companies abroad. According to a CNBC report, Philip Ammerman, a Greek-born investment advisor who moved his business from Athens to London...

Bank Deposits in Greece Reach Two-Year Low in December

A new two-year low reached bank deposits in Greece in December, as Greeks withdrew some 4.6 billion euros in a period stigmatized by political uncertainty due to the unsuccessful election of a new President of the Hellenic Republic and...

Former PM Simitis: Greece Must Initiate Serious Talks With Partners

After the January 25 Greek elections, the government and political parties "will have to shape our own European cooperation policy and initiate serious talks with our partners," Former Greek Prime Minister Costas Simitis commented earlier today. In a written statement,...

Greek Business Owners Afraid Ahead of Elections

Greek businesses have suffered for the last six years due to the financial crisis that hit the country. In 2015, the Greek economy was expected to start its recovery, however the unexpected election and the political uncertainty that surrounds...

Fitch Lowers Greece Credit Outlook to 'Negative'

The Global rating agency, Fitch Ratings downgraded Greece 's credit outlook to negative from stable, on Friday, January 16, due to the rising political uncertainty, in light of the January 25 elections. However, the agency kept the country's credit rating unchanged at 'B,'...

Euro Sinks Near 30-Month Low Due to Political Developments in Greece

The Eurozone currency hovers near a 30-month low against the US Dollar today due to the uncertainty spread in the union by the developments in the Greek political scene. The Greek Parliament yesterday failed for a third consecutive ballot...

Biggest Athens Stock Exchange Drop Since 1987

In the maelstrom of political uncertainty - after the announcement of the acceleration of the Presidential election - moved today the Athens Stock Exchange (ASE), as concerns regarding the country's political developments seem to affect Greek banks. The main index lost...

Greek Govt VP Venizelos: Political Uncertainty Makes Negotiation More Difficult

Political uncertainty is the country’s main issue, Greek government Vice President Evangelos Venizelos said on Friday addressing the Democratic Bloc Secretariat meeting. He explained that this uncertainty makes negotiation even more difficult and provides lenders with arguments, when the main...