state debt
Economy
Greek State Debt to Private Sector Exceeds €3 Bln
With €306 million added in August, Greek State debt to private companies and individuals reached €3,036 billion, from €2,73 billion at the end of July.
From the €3,036 billion, €1,974 billion are debts of government organizations and agencies to businesses doing...
Greece
BoG: State Generating More Debt Than it Is Repaying
The Bank of Greece (BoG) recently released data showing that the amount of state debt that Greece generates is mounting to figures that it is unable to pay off.
Despite the increase in taxes and new higher social security contributions,...
Economy
State Debt Mounting as Bailout Review Is Delayed
There is no end in sight for the mounting dues the state owes to both the market and taxpayers causing congestion in the market and for businesses in Greece.
With a total of some 5.05 billion euros owed to both the market...
Greece
Greece Among Top 3 Big Spenders of the Eurozone
Greece's state expenditure is 55 percent of the country's GDP, one of the biggest spenders of the Eurozone despite austerity. The only other two countries with higher government expenditure are France and Finland. The revelation is based on a...
Economy
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 the General Secretariat of Public Revenue, left 1.25 billion euros worth of unpaid taxes. Overdue...
Economy
Greece Receives Delayed €1 Bln Loan Tranche
The Euro Working Group is to approve on Thursday a 1-billion-euro loan subtranche as Greece has legislated the 13 prior actions required by the bailout program.
The tranche is delayed by two months as the prior actions were originally scheduled...
Economy
Greek State Owes €6 Bln to Businesses and Individuals
The Greek state budget until end of October does not include payment of debts to individuals and private businesses that amount to 6 billion euros and estimated to reach 7 billion by the end of 2015.
Based on the bailout agreement...
Economy
Outstanding Greek State Debt Up 32% in 5 Months, Exceeding €5 Billion
The outstanding Greek state debt went up 32% in the first five months of 2015, exceeding 5 billion euros, according to Greece's Finance Ministry figures released on Thursday.
At the end of May, the total state debt to suppliers of goods...