Greece
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Survey: Greek Households Get Poorer, Middle Class Is Dwindling

One in three families in Greece has at least one unemployed member, while the middle class is dwindling, a new survey on behalf of the Hellenic Confederation of Professionals, Craftsmen & Merchants (GSEVEE) says. The research was conducted by MARC...

Government Aims to Receive 1.8-bln-Euro Tranche to Repay Debts to Private Sector in March

The Greek government aims to receive 1.8 billion euros in March which will be spent to repay state debts towards the private sector, sources from the finance ministry said on Thursday, responding to press reports. The same sources added that...

Prosecutor Suggests Greek Social Security Fund Chief to Face Trial

The indictment before the three-member Felonies Court of Appeals of Greek Social Security Fund (IKA) chief Rovertos Spyropoulos on charges of infidelity, called with his suggestion a Greek prosecutor. The case concerns the lifting of the accounts' confiscation decision imposed on supermarket chain...

Measure for 100-Installment Tax Debt Settlements in Greek Government Gazette

A decision of the General Secretary for Public Revenue Aikaterini Savvaidou allowing the settlement of debts to the public sector in up to 100 installments, was published in the Greek Government Gazette on Friday. The decision calls for the mandatory...

One in Three Greeks Indebted

The two adjustments for debt repayment to the Greek state have brought minimum proceeds since, according to the General Secretariat of Public Revenue, one in three Greeks owes money to the state. The new debts from January 1, 2013, until the end...

State Legal Council Pardons Municipal Managers

Greece's State Legal Council has ruled that the omission of debts of municipal enterprises in their respective municipalities is effective, implying that those responsible for these municipal enterprises are exempt from any personal liability, as are those in charge. The State Legal...

Less Crime in Greece in 2014

Crime rate has dropped in the first semester of 2014 compared to the previous year, according to a Greek Police report released on Thursday. The report showed 52 cases of manslaughter recorded in the first six months of this...

Account Seizures Legal Without Informing the Debtor

The seven members of the Council of State of Greece announced yesterday their decision regarding seizure of salaries and pensions of debtors owing to the State. They announced that debtors will not be informed beforehand in regards to the...

Chaos in Apt Buildings Over Maintenance Fee Collections

Apartment building managers in Greece are striving to collect the unpaid maintenance fees as the residents cannot repay their debts because of the economic crisis. The condition in numerous apartment buildings in Greece is dramatic. Many of them don’t have...

Greek Government Strives to Collect Taxes

Greek citizens and businesses ran up a further 4.325 billion euros of debt to the taxman between January to April, taking the total owed to 66 billion euros. Finance Ministry data shows tax debts are increasing by an average of one billion per month...