debtors

The first 2,000 houses of uncooperative debtors will be auctioned as of September 15, with the number going up to 5,000 within the next months. Greek banks have already prepared the files of 2,000 real estate properties. According to bank officials,...

The Greek government is to proceed with confiscations of bank accounts and real estate for about 55% of debtors to the state aiming to raise 5 billion euros. The ministries of finance and labor and their respective collecting agencies turn...

Greece's finance ministry has decided on a policy to publicize the names of people who owe over 300,000 euros to the tax office or to pension and security funds. According to Alternate Finance Minister Tryfon Alexiadis, the names will be uploaded...

After hours of negotiating, Greece and creditors agreed that only the poorer families unable to pay their mortgages will save their homes from foreclosure, the measure applying to about 25 percent of people in debt. The meeting between Finance Minister...

Piraeus Bank, one of the four major Greek banks, has decided to write off debts of up to 20,000 euros and freeze debts from mortgages for poverty-stricken Greeks. The program aims at Greek citizens who fall in the category of...

Outstanding debts to security funds in Greece reached 13.5 billion euros in November, compared to 11.485 billion in October, according to latest figures. Almost 1.8 billion euros owed to the Freelancers Security Organization (OAEE), were transferred to the Security Fund...

The number of defaulting debtors in Greece is growing, and experts are warning that the situation could blow up and smash hopes the country can finally emerge from a crippling six-year recession this year. Greece’s central bank says that non-performing...