Calamos Supports Greece

Poverty

Four in Ten Greeks Live in Poverty

The General Confederation of Greek Workers (GSEE) labor union published a report regarding the rapid deterioration in the economy’s key indexes. The report has already reached the hands of the Greek Prime Minister, the Bank of Greece (BoG) Governor, as well as...

Poverty in Cyprus

In the absence of true democracy and justice, the misconception that people elect a government in the interest of the people is a fallacy and more so today than ever before. The ideals of direct democracy were never...

Greeks Are the Unhappiest Citizens in Europe

According to a recent survey conducted by the Hellenic Statistical Authority (ELSTAT) in collaboration with the Eurobarometer, Greeks are the unhappiest European Union citizens. The survey on income and household living conditions showed that four out of ten Greeks are not satisfied with their lives,...

Eurostat: 35.7% of Greeks at Risk of Poverty or Social Exclusion

35.7% of Greeks were facing the risk of poverty or social exclusion during 2013, according to Eurostat figures unveiled on Tuesday, while 23.1% remained at the risk of poverty even after the social transfers and another 18.2% were living in...

ELSTAT: 2.5M Greeks Facing Poverty Risk

Villages across Greece are facing financial difficulties due to the financial crisis that has hit the country. The hard situation is also reflected in the numbers, according to Hellenic Statistical Authority (ELSTAT). The annual survey on income and living conditions in...

6.3 Million Greeks Threatened by Poverty

A shocking report of the Parliamentary Budget Office regarding the economic situation of Greek households revealed that approximately 6.3 million Greeks are threatened by poverty. Approximately 2.5 million Greeks are living below the poverty line, while 3.8 million are in direct danger of...

More Than a Third of Greeks Were Living in Poverty in 2013

Greece ranks fourth among the 28 EU member-states with the highest percentage of citizens living on or below the poverty line, according to figures released by the Hellenic Statistical Authority (ELSTAT) and published in a report by the Foundation for Economic...

ILO: Austerity Inflicting Human Suffering

A recent report by the International Labor Organization claims that austerity measures have increased poverty in Greece as well as in other European countries hit by the financial crisis. The 357-page report published on Tuesday says that unemployment, low wages and...

680,000 Greek Children at Risk of Living in Poverty

An article on the website of newspaper New Europe points out the consequences of the financial crisis for Greek children. The article cites data from the Greek National Committee of UNICEF and states that about 686,000 children in Greece are at risk of poverty...

EU Launches Fund for the Most Deprived

The European Union has launched a new fund for people in need from 2014 to 2020. The new Fund for European Aid to the Most Deprived (FEAD) has a total budget of 3.8 billion euros and is the first European...