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Tag Archives: debts

Greece writes off debts to state and banks up to €20,000

Greece will write off debts up to 20,000 euro to tax office, insurance funds but also consumer loans and credit cards to the banks. The measure targets the debt relief of allegedly some 35,000 people and the criteria are very strict: absolute poverty, not possession of property, no income at …

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Guardian: “Greece needs debts cancelled and growth” say 35 economists

35 economists say that Greece needs its debts cancelled and growth. In an open letter to the Guardian, the economists from several countries say among others that “the negative impact of austerity policies weaken economies” and have “severe effects to the poorest households.” They urge national governments to support “a …

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Survey: Greek households trapped between poverty and debts

More than one-third of the Greek households are trapped and squeezed between poverty and debts as the disposable income dramatically decreased, a survey conducted in December 2014 found out. According to a the survey conducted by the Institute for Small Enterprises of the Greek Federation of Craftsmen and Merchants (IME-GSEBEE), …

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Troika vs Greek FinMin: 100 installments for debts to tax office; do the maths…

After a planning that lasted several months,, Greek Finance Ministry set the guidelines for debtors to the the tax and customs offices. “Outstanding debts can be paid back in 72 or 100 installments,” mainstream media herald adding that “this is a big gift by the General Secretary of Revenues” to …

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Electricity prices in Greece soar 60% amid economic crisis

As we say: slowly but gradually! Households in Greeks saw their electricity bill increasing at 10 percent during each and every year of the economic crisis. And this although the whole sale price decrease. What do Greeks pay in addition to their electricity consumption so that their electricity bills skyrocket? …

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Death by Taxation: Greeks’ debts to tax office reach €70billion in September

It is a never ending horror spiral of tax debts and tax collection in recession-, austerity- and overtaxation-hit Greece. While many taxpayers make arrangements with the state to pay old debts and do indeed pay the installments month in, month out,  they do not manage to pay their taxes for …

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Rhodes: Jobless father hands out baby to tax office, after FinMin confiscates his last €300

A desperate jobless father entered the tax office in Rhodes holding in his arms his 1.5-year-old baby. “Take it,” he told the stunned tax officers “I cannot feed it anymore.” A day earlier, the divorced father had found out that the tax office had confiscated 300 euro from his bank …

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Outstanding VAT debts: German “Hochtief” owes €600m to Greek FinMin

An Athens court confirmed Greek government’s tax claims from the giant German constructor Hochtief. According to the court, the Greek government has every right to claim approximately €600million from the company that runs Athens airport “Eleftherios Venizelos”. The company has not paid any Value Added Tax since 2001, that is …

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Chania: Quadriplegic woman dies after power cut due to debts to PPC

A quadriplegic woman died after Greek Public Power Company cut off the electricity supply due to debts and the life supporting oxygen machine stopped working. The bed-ridden woman was alone at home, when the PPC team came to cut the electricity supply. The life supporting machine worked for one more …

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Court rules: seizure of debtor’s deposits without notice is constitutional

A shock for millions of debtors: the Council of State ruled that tax offices and insurance funds are allowed to seize debtor’s bank deposits without previous notice and that this is conform with the Greek Constitution.  Greece’s highest administrative court’s reasoning is that “previous notice would give time to the …

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