Frankfurter Rundschau: Greek state recovering; the people have defaulted

15 February 2018
317 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

Turkey claims Greek frigate harassed Turkish survey ship in Aegean Sea
DEFENCE
shares10 views
DEFENCE
shares10 views

Turkey claims Greek frigate harassed Turkish survey ship in Aegean Sea

Panos - Oct 19, 2018

Ankara is escalating its provocations against Greece in the Aegean Sea after the Turkish Foreign Ministry claimed in a statement…

Alt FinMin: Only one scenario in draft 2019 budget
FINANCE
shares14 views
FINANCE
shares14 views

Alt FinMin: Only one scenario in draft 2019 budget

Panos - Oct 19, 2018

Greek Alternate Finance Minister Giorgos Chouliarakis on Thursday denied that his government's closely scrutinized 2019 draft budget includes "two alternate…

Bombshell report! Greek population to drop by 2.5 million in 2050
FINANCE
shares15 views
FINANCE
shares15 views

Bombshell report! Greek population to drop by 2.5 million in 2050

Panos - Oct 19, 2018

The population of Greece is expected to drop by 1.4 million in 2035 and to 2.5 million in 2050, according…

Leave a Comment

Your email address will not be published.