Tag Archives: debt

The Independent Authority for Public Revenues (AADE) is launching an online platform on Friday, April 7, 202, for the payment of outstanding debts to tax offices and insurance funds. The measures concerns all those who either lost the old arrangements for settling tax and insurance debts in 72 to 120 …

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Eviction in Athens for a credit card debt of just 15,000 euros: Police officers in the presence of a bailiff broke the entrance door of the home of journalist Ioanna Kolovou at 5:30 on Monday morning and threw the low-pensioner and her son on the street. The apartment in Ilissia …

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Addressing the problem of private debt is one of the government’s priorities since the beginning of its term Finance Minister Christos Staikouras said on Thursday. Speaking in Parliament, the FinMin said that private debt arrears fell to 63.6% in the first half of 2022 from 70% in 2018, while the …

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The Greek Parliament on Thursday voted an amendment submitted by the Climate Crisis and Civil Protection approving the repayment of more than eight million euros to the NATO Support and Procurement Agency (NSPA) for providing firefighting support to Greece between 2011 and 2016. The debt, totaling 8,457,481.64 euros, concerns administrative …

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Former European Commission chief Jean-Claude Juncker has criticized outgoing German Chancellor Angela Merkel’s reaction to Greece’s debt crisis, saying that her “hesitations” and “reluctance” undermined efforts to deal with the situation. “I think her biggest failure was the reluctance she showed during the Greek crisis because of her hesitations and …

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Greece’s Finance Ministry announced late on Tuesday that was freezing until the end of the year all taxpayers’ debts worth around 1.0 billion euros which were suspended until April 30, 2021. According to an announcement the ministry doubles the number of installments in the repayment of these debts, to 48 …

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Greece’s debt climbed to 181.1 percent of GDP in 2018, the largest ratio in the euro zone, EU’s statistics authority Eurostat said on Tuesday. Public debt in Greece and Italy, the two most indebted countries of the euro zone, grew last year while the bloc as a whole recorded an …

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Every Greek owes €29,700 to country’s foreign lenders, says a debt analysis by the Greek Federation of Enterprises (SEV). The analysis is based on the report “How’s Life” 2017 conducted by the Organization for Economic Cooperation and Development (OECD) on the impact of disinvestment in natural, human, economic and social …

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European Commission President Jean-Claude Juncker, EU High Representative/Vice-President Federica Mogherini and European Commissioner for Enlargement Johannes Hahn issued a joint statement welcoming the ratification of the Prespes Agreement by the Greek Parliament. “We warmly welcome the next crucial step in the ratification of the Prespa agreement, taken with today’s vote …

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Greece’s sovereign debt stood at €323.378 billion at the end of the second quarter of  2018, from €309.091 billion in the corresponding quarter last year., according to ELSTAT’s quarterly non-financial general government accounts. The Hellenic Statistical Authority (ELSTAT)  announced the quarterly non-financial accounts of General Government for the second  quarter of …

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Threes days before Greece celebrates the exit form the bailout agreement and the General Accounting office revealed the bitter truth on Friday. The country’s debt rose by 1.6 billion euros in the second quarter of 2018. Greece’s central government debt reached 345.3 billion euros at the end of June, up …

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German Chancellor Angela Merkel said that long period of primary surpluses was necessary fro Greece in order to reduce debt. She denied she had any deal with Prime Minister Alexis Tsipras to postpone Value Added Tax hikes in exchange for asylum seekers’ returns from Germany. At her annual summer press …

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It looks as if creditors’ institutions including the International Monetary Fund agree on one thing: that on short-and medium-term the Greek debt is sustainable. To this point of view now adds the report of Greece’s Public Debt Management Agency. Greece’s Public Debt Management Agency (PDMA) assessed that recent debt relief …

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The International Monetary Fund (IMF) needs to reach an agreement with Greece and its European creditors by next week to ensure that the fund has enough time to give money to the embattled nation. Speaking to CNBC Tuesday, Poul Thomsen, the IMF director for Europe, said that there needs to …

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Many customers of Greece’s Public Power Corporation (PPC/DEH) found themselves to be debtors to PPC/DEH although they had paid their bills on time. Not only have they missed the 15% discount for payment in time, they also saw their electricity bills charged with interest fees. And some are at risk …

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The European Commission Spring Forecast has revised down Greece’s growth in 2018 to 1.9% from 2.5% and for 2019 to 2.3% from 2.5%. The revision followed a smaller than expected growth rate last year. For next year, the EC projects a 2.3 percent growth rate for Greece, lower than its …

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The International Monetary Fund has revised, downwards, its forecast for GDP growth in Greece for 2018, to 2 percent, down from 2.6 percent that it had forecasted last autumn and further down from 2.3 percent given by the Greek government for the current year. The forecast was included in the …

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Finance Minister Euclid Tsakalotos revealed  that 73 taxpayers numbers owe more than 30 billion euros. In a press conference on Friday, the Greek finance minister said that the majority of debtors to the state “owe 10 euros but 73 taxpayers number owe more than 30 billion. He did not revealed …

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The European Commission believes that additional measures will be needed to make Greece’s debt sustainable, European Commission’s lenders’ mission chief for Greece, Declan Costello, said on Sunday in the  Economic Forum held in Delphi. He said he was confident the final review of the country’s bailout will be wrapped up …

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A senior in outrage poured gasoline in the offices and employees of Greek Public Power Corporation (PPC/DEH) and would have set everyone and everything alight hadn’t the police manage to take him under control just moments before the disaster would break out. The 70-year-old pensioner went to the local branch …

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