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Tag Archives: arrears

Greece’s PPC to hire collection agencies to pursue overdue payments

Greece’s Public Power Company (DEH) intends to hire a private collection agency to manage arrears to the public utility, Chairman and CEO Manolis Panagiotakis announced on Wednesday. “They promised us a 10-percent collectability increase,”the PPC CEO told a committee at the Greek Parliament. As expected Panagiotakis’ announcement triggered an outrage …

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Arrears to Greece’s state expected to exceed €100bn in 2017

An increase of arrears to the state continues unabated despite accelerated rates of confiscations and seizures of debtors’ bank accounts, incomes and other assets in 2016 by the independent authority for public revenues. Another 890 million euros were added to the total in November 2016, with the latter now reaching …

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