Calamos Supports Greece

outstanding debts

Overdue Debts to Greek State Rise by €13Β, Despite Confiscations of €5Β

Overdue debts to the Greek State went up to a record high of 13 billion euros in December, despite confiscations of 5 billion euros, a Kathimerini newspaper report says. As of the end of December 2017, arrears to the Greek...

Consumption of Staples Drops 5% as Greek Economy Slump Continues

The Greek economy is in ongoing recession with forecasts looking ominous for the sustainability of businesses, consumption and unemployment, a report says. According to a study by the Institute of Small Business of the Hellenic Confederation of Professionals, Craftsmen and...

Outstanding Debts to Greek State Reach €90 Bln

Greek citizens' outstanding debts to the state have reached 89.8 billion euros, with 1.2 billion added in June, according to finance ministry figures. At the same time, state debts to suppliers, service providers and taxpayers increased by 200 million euros...

Deputy FinMin: Exceptional Measures for Outstanding Tax Debts

Deputy Minister of Finance Nadia Valavani announced on Wednesday that a new exceptional measure for the repayment of old tax debts in 100 installments will be added in the government’s draft bill on humanitarian aid that was tabled in...

Outstanding Debts to Security Funds Pile Up

Outstanding debts to security funds in Greece reached 13.5 billion euros in November, compared to 11.485 billion in October, according to latest figures. Almost 1.8 billion euros owed to the Freelancers Security Organization (OAEE), were transferred to the Security Fund...

ENFIA Not Included in 100-Tranche Payment Plan, Trouble for Coalition

The Greek coalition government is facing public outcry again after the decision not to include the new property tax (ENFIA) in the 100-tranche payment plan. Following the troika's pressure, Athens will now ask for the ENFIA tax debtors to...

Law on Overdue Tax and Social Security Debts Postponed

Legislative measures that will allow for a new restructuring of overdue tax and social security debts has been postponed until next week as Greek and Troika officials are still hammering out the details. However, this delay seems devastating in terms...

Outstanding Debts to Greek State Exceed 69 Billion Euros

Outstanding debts to the Greek state hit a record high, reaching 69.24 billion euros in August, compared to 68 billion euros in July 2014. The amount of debts to the state is still huge, although 2.8 million citizens paid owed taxes in...