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Greek Government Arrears Piling Up

An increase of nearly 70 million euros was recorded in the government's arrears to individuals in June, with debts amounting to 5,134 billion, from...

One in Two Greeks Unable to Pay Taxes Due

Greek taxpayers are drowning in debt as half of them are unable to meet their tax obligations, according to an Imerisia newspaper report. Higher taxes...

5 Losses Spinning Greece on a Downward Spiral

Austerity measures implemented in Greece as part of its long haul towards redemption have caused social and economic upheaval in the country. Regardless of...

Greek Unpaid Taxes at 90 Bln and Rising

In April, outstanding tax debt to the state rose by 700 million euros, reaching 4.332 billion euros. The amount is expected to increase to...

Three in Ten Households in Greece Unable to Pay Taxes

The dire state of the Greek economy is reflected in the inability of many households to fulfill their tax obligations, says a study conducted on...

Greece Owes 4.4 Bln Euros to Suppliers

Greece's economy seems to have reached its lowest point, as the Greek government is unable to pay 4.4 billion euros to its suppliers. Meanwhile, the Greek...

Greek Budget Revenue up 15.2% in April‏

Greek net budget revenue surpassed target by 15.2%, or 500 million euros, in April offering a large breather to the country's Finance Ministry in...

Eurogroup Statement on Greece; Four-month Loan Extension Agreement

Greece and Eurozone reached a new deal that entails a four-month extension of the loan agreement without new austerity measures and a commitment that...

Read the Draft Eurogroup Statement Rejected by Greece

Eurozone Finance Ministers abruptly concluded the Eurogroup meeting without reaching to an agreement over a new Greek program. Earlier today, the newly elected...