State arrears to private sector fall to 3.458 billion euros in Oct. 2017

8 December 2017
1135 Views

The finance ministry on Thursday announced that state arrears to the private sector were reduced by 101 million euros last month, bringing down the total to 3.458 billion euros.
The same figure at the end of December 2016 was 3.689 billion euros, and at 3.559 billion euros at the end of September 2017.

A further reduction in arrears is expected, given that Greek state coffers were boosted by an 800-million-euro sub-tranche of bailout money left over from a main tranche disbursed in July. Another 800 million euros will be disbursed by the ESM in February 2018, assuming talks go as planned to conclude the third review of the ongoing bailout.
Based on the previous formula, the Greek state must contribute 50 percent of the amount allocated for covering arrears.

You may be interested

Foreign Policy: Who is hot & who is not in the Middle East – Analysis
POLITICS
shares12 views
POLITICS
shares12 views

Foreign Policy: Who is hot & who is not in the Middle East – Analysis

Panos - Mar 02, 2021

On February 22nd, 2021, Politico ran a story revealing the Biden administration is deprioritizing the Middle East. It was an interesting read. Yet…

Pulse Poll: New Democracy leads with 15 points from second SYRIZA
GREECE
shares13 views
GREECE
shares13 views

Pulse Poll: New Democracy leads with 15 points from second SYRIZA

Panos - Mar 02, 2021

New Democracy has a lead of 15 percentage points over SYRIZA with a reduction on the valid votes, in the gallop…

Schinas: European Commission preparing package for safe traveling, vaccination certificate, March 17
GREECE
shares13 views
GREECE
shares13 views

Schinas: European Commission preparing package for safe traveling, vaccination certificate, March 17

Panos - Mar 02, 2021

There seem to be a consensus among European leaders concerning the speeding up of all procedures that will see a…

Leave a Comment

Your email address will not be published.