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GreekReporter.comGreek NewsEconomyDebts to Greek State Reached 6.2 Billion in First Semester of 2014

Debts to Greek State Reached 6.2 Billion in First Semester of 2014

overdue debt'Debts to the Greek state hit a new record high. In the first half of 2014, debts amounted to 6,225 billion euros, according to figures published by the General Secretariat of Public Revenue.
Adding the debts accumulated by the end of 2013, the amount of overdue debts reaches 67,25 billion euros. From the old debts, the Greek government has only recovered 944 million euros in the first half of 2014.
The debts created after January 1 increased by 1,027 billion euros between June and May, with the government having collected 739 million euros.
The government was aiming to recover 16% of the new debts, however they managed to collect only 12,01%. By the end of the year, 25% of new debts must be recovered.
The huge amount of overdue debts is damaging Greece’s economy and concerns the government ahead of the Troika’s return to Athens in mid-September.
At the same time, Greek citizens who suffer from unemployment and tough austerity measures, cannot bear the burden of new high taxes.

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