Frankfurter Rundschau: Greek state recovering; the people have defaulted

15 February 2018
186 Views

The contrast, as it claims, between the gradual improvement in Greece’s economic indices and the “tragic situation” of Greek citizens is focus of a report from Athens by the German mass daily Frankfurter Rundschau.

In a dispatch entitled “The state is recovering – the people have defaulted”, the Frankfurt newspaper notes that “… Greece will not need fresh money this summer, as it appears, from European support programs. However, the people owe the public treasury nearly 100 billion euros.”

Frankfurter Rundschau refers to the total arrears to the Greek state owed by taxpayers and legal entities, although the figures includes debts dating back decades and by companies no longer in existence or taxpayers no longer alive.

The paper also reiterates the fact that four million taxpayers in the country of roughly 11 million owe the state money.

“Tax arrears are growing larger and larger … Greeks not only owe the state. Arrears to social security funds … exceed 35 billion euros, and the volume of NPLs has skyrocketed since 2009, from 20 to 102 billion euros.”

You may be interested

Folegandros: Images of an undiscovered gem
GREECE
shares131 views
GREECE
shares131 views

Folegandros: Images of an undiscovered gem

Panos - May 22, 2018

Shining under the Aegean sun, Folégandros was named after the son of King Minos. This off-the-beaten-path destination captivates the visitors…

Recitals of Hadjidakis’ music will open the Delphi Festival
GREECE
shares15 views
GREECE
shares15 views

Recitals of Hadjidakis’ music will open the Delphi Festival

Panos - May 22, 2018

The first contemporary Delphi Festival will open in the town of the ancient world’s most famous oracle, in mainland Greece,…

French energy giant Total to expand natural gas search in Cyprus’ EEZ
GREECE
shares14 views
GREECE
shares14 views

French energy giant Total to expand natural gas search in Cyprus’ EEZ

Panos - May 22, 2018

French energy giant TOTAL applied to the Cyprus government to acquire a stake in block license 8 in the island’s…

Leave a Comment

Your email address will not be published.