Greece
Calamos Supports GreeceCalamos Supports Greece

public debt

Greece's Public Debt Rose to 181.1 percent of GDP in 2018

Public debt in Greece and Italy grew last year, while the European bloc as a whole recorded an overall decrease in its liabilities, the European Union statistics office said on Tuesday. At the end of 2018, Greece, which is the...

Greece's Public Debt on the Rise

Greece’s public debt reached €334.988 billion in the third quarter of 2018, an increase of €21.493 billion over that of the same quarter in 2017, the Greek National Statistical Authority (ELSTAT) said on Monday. The Greek statistical authority noted that...

German Press: Greece Will Likely Need Another 'Bailout' Due to High Debt

Due to its high public debt, it is doubtful whether Greece will make it on its own in the long run without new financial support, a report by Frankfurter Allgemeine Zeitung says. This report comes after a comment made by...

Greek Debt Rises in Third Quarter of 2017, Says Eurostat

Greece's public debt totaled 177.4 percent of GDP in the third quarter of 2017, up 1.3 percent compared with the second quarter of the year, but down 0.5 percent in comparison with the third quarter of 2016, Eurostat said...

Greek Parliament's Budget Office Warns Private Debt Near Levels of Public Debt

Greek Parliament's Budget Office issued its quarterly report on Monday. The report signals a warning regarding the explosion of Greece's private debt that is nearing the levels of public debt in the country. The report states: "Without a doubt,...

Greek Debt Rises to 315.2 Billion Euros

The Greek state budget easily passed its goal of a 1.907 billion-euro primary budget surplus by recording a surplus of 5.44 billion euros from January to September 2016. The figure is up from a 3.072-billion-euro surplus during the first...

Could Greece’s Debt and Bailout Plan Be Illegal?

By Belén Olmos Giupponi*, University of Stirling As Greece and its international creditors race to agree on a bailout deal, the issue of the legality of Greek debt has been raised. The Greek parliament’s Truth Commission on Public Debt has released...

Greece Raises 1.1 Bln Euros from T-bill Auction‏

Greece successfully auctioned a six-month Treasury bill issue on Wednesday, raising 1.1375 billion euros from the markets at an unchanged cost. Greece's Public Debt Management Agency said in an announcement that the issue's interest rate was set at 2.97%,...

German Vice Chancellor Gabriel: Everyone Relieved by the Greek Deal

German Vice Chancellor and Social Democratic Party (SPD) President Sigmar Gabriel welcomed the Eurogroup’s agreement on the Greek issue during a visit to Madrid. “Here, everybody was relieved that it was possible after all to reach a major breakthrough...