debtors Archives - Keep Talking Greece

EU Commission approves Greece’s Primary Residence Protection for broke households

September 19, 2019 Economy Comments Off on EU Commission approves Greece’s Primary Residence Protection for broke households

The European Commission approved on Thursday the Greek Primary Protection Scheme for households unable to repay their mortgage loans and at risk of losing their primary residence. According to a press release, the program has an annual budget of nearly 132 million euros and sets strict eligibility criteria along property …

Number of debtors to Greek state increased over summer

November 15, 2018 Economy Comments Off on Number of debtors to Greek state increased over summer

Almost 600,000 Greeks were added to the long list of state debtors over the summer, according to a report by the Parliamentary Budget Office (PBO), with experts viewing this as a sign of deterioration for the private economy in Greece. The PBO quarterly report for the July-September 2018 period noted …

Evictions: Locals furious as US Fund seizes shop in Rethymnon under police protection

September 3, 2017 Social 5

Riot police squads had rushed as early as possible outside a shop in the old city of Rethymnon, Crete, and blocked the street to prevent locals from approaching. A representative of a US Fund was to install an alarm system at the shop the Fund had seized after buying the …

Greece’s Debtors’ Day: Foreclosures, evictions, confiscations, “first residence” under protection till end of 2015

November 2, 2015 Society 1

For thousands of Greek debtors the month of November did not start well. As of today, Monday, November 2nd 2015, thousands of debtors are at risk to foreclosure, evictions and confiscation of everything they own. Under certain circumstance the “first residence” is still under protection and thus until the end …

PM Tsipras outlines 5 legislation drafts, announces state bankruptcy investigation

February 28, 2015 Politics 2

Greek Prime Minister Alexis Tsipras outlined the first 5 legislation drafts that will be submitted to Parliament as soon as possible. The first draft law that will be submitted on Monday will concern measure to tackle the humanitarian crisis and relief measures to impoverished households. Furthermore, the Prime Minister announced …

Greece’s reforms target €7.3 bn in revenues; €404mln already seized from bank accounts

February 23, 2015 Economy 5

While the Three Institutions – the ex Troika – evaluate the draft list of reform proposals sent to them Sunday evening, Greek government sources told populist German Bild, how they have calculated the cost of reforms. “Greece draws up a €7.3 billion tax hit list. Crackdown on tycoons and the …

Greece’s Supreme Court: “confiscation of bank deposits” against the Constitution

March 26, 2014 Economy 2

Greece’s Supreme Court ruled that the seizure of bank deposits due to debts to the state without previous notice was against the Constitution. The judges had taken up a debtor’s complaint filed in 2006. The debtor had seen his pension being grabbed from his bank account due to debts to …

Greek Tax Offices to confiscate bank account savings without previous notice to debtor

March 5, 2014 Economy Comments Off on Greek Tax Offices to confiscate bank account savings without previous notice to debtor

Greece’s finance ministry is determined to bring in billions of revenues. Whether taxpayers can afford to pay them or not. Therefore the confiscation procedure will change and the long grabbing arm of the tax office will seize outstanding debts from the debtor’s bank account within two weeks. And without further …

Outstanding taxes? Greek FinMin to confiscate homes and assets without further notice

January 3, 2014 Economy 2

State debtors will be given a deadline of 30 days to repay their debts or make installment arrangements in order to escape seizure of their homes, cars, assets and bank account deposits. The threatening circular was issued by Secretary of Revenues Haris Theocharis on the third day of the new …

Greek gov’t seeks military camp to serve as prison for state debtors

April 18, 2013 Economy 1

Gradually, Greece turns into the 21st century version of the dark and gloomy world of Charles Dickens: with households burning wood for heating, with workers working for nothing, … and to put the icing on the Greek cake, soon also with debtors’ prisons. What we reported in January, turns into reality: tax prisons! The government seeks …

Greek FinMin grabs last €129 euro from jobless’ bank account – without permission!

March 5, 2013 Economy Comments Off on Greek FinMin grabs last €129 euro from jobless’ bank account – without permission!

What we have been reading about the decision that the Greek finance ministry may grab money from bank accounts without the holder’s permission came true. A Greek jobless, father of three, saw his last 129 euro disappear from his bank account and thus without previous warning or his explicit permission. This …

Crete: Jobless Father of 7 Arrested for State Debt of Swirling 5,000 Euro

August 1, 2012 Society 10

It’s always the easy and vulnerable target that pays the price. It’s always the weak and defenseless who gets to feel the rigid face of the law. Whether it’s called “austerity”, “state revenues”, “fill the state pockets”, “pay back lenders” or generalized “structural reforms”. In Iraklio, Crete, the easy target was a father …

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