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Tag Archives: arrears

Greeks owe €182.billion in tax arrears to the state

Data from the Independent Authority for Public Revenue show tax arrears totaled 182.5 billion euros ($214 billion) on Aug. 10, according to a note sent from the agency to parliament last week and seen by The Associated Press Wednesday. € “The Greek government is owed so much in tax arrears …

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ESM approves release of €1 billion bailout tranche to Greece

The Board of Directors of the European Stability Mechanism (ESM) today authorised the release of €1 billion to Greece for the clearance of arrears. This is the remaining amount of the fourth tranche of ESM financial assistance, approved on 27 March 2018. It will be disbursed to a dedicated account …

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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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