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Shocking Spiral of Unpaid Debt: Another 800 Million Euros Added to the Bill
Tax Office data shows that unpaid tax obligations are expected to reach 7.618 billion euros from January to July. Each month, foreclosures increase while...
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 Debt to State Funds at 50% of GDP
Overtaxed Greek citizens are having difficulty meeting their obligations with the Greek tax department. In May, taxation and businesses, according to data released by...
Greek Bank Holiday Extended
The Greek bank holiday, which has been in effect since June 29, has been extended until Thursday, July 16, while there was an official announcement...
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 Gov't Tables Amendment Extending 'Write-off' of Tax Fines Until May 27
An amendment tabled in Parliament by Greek Alternate Finance Minister Nadia Valavani on Tuesday extends until May 27 the closing date of a measure...
ENFIA Not Included in 100-Tranche Payment Plan, Trouble for Coalition
The Greek coalition government is facing public outcry again after the decision not to include the new property tax (ENFIA) in the 100-tranche payment...
Banks vs The People
The most important thing to remember when dealing with banks is a simple rule; banks are a business, motivated by profit. Banks are not...
ENFIA Amendment in Parliament, Foreclosures Protection Extended
The amendment for the payment extension of the first installment of the unified property tax (ENFIA) was tabled in Greek Parliament on Thursday along with...
WSJ Says IMF Owes Greece An Apology
It's too late to help, but an apology is long overdue to Greece because of errors the International Monetary Fund made in miscalculating the...


