Greece
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KEAO

The First Settlement of Debt to the State Through Extra-Judicial Means Now a Reality

An unnamed company became the first entity in Greece to settle its debts to the state and restructure through an extra-judicial mechanism, Ministry of Finance sources said on Friday. The case concerned a bilateral negotiation for debts to the national...

Social Security Debt Grows by 827 Million in Second Quarter

Arrears to social security funds increased by 827,180,068 euros in the second quarter of the year according to a report Friday by the Center for the Collection of Social Security Arrears (KEAO). More specifically, 533.7 million euros of this spike...

Greek Interior Ministry Refuses to Form Debt Collection Agency

The IMF is pressing Greece to form a private collection agency in order to recover millions of euros owed to social security funds. However, the Greek Ministry of Interior is refusing to give ground even though the debt to social...

'Businessman, Age 95': The New Front for Tax Dodgers

A rapid increase in elderly people in Greece owing exorbitant debts to the state has been identified, and it is no coincidence, for the latest tax-dodging trick is to file under the code “Businessman, Age 95”. The trick is to set...