Report: 4.8 Million Confiscations of Bank Accounts Between 2015-18




According to a study published by the Greek Ombudsman, the Greek state has increased the number of confiscations of bank deposits in recent years, in an effort to collect taxes and social security contributions.

The Greek Ombudsman has received a plethora of reports regarding taxpayers whose savings were confiscated as a result of their personal debts.

According to data presented by the study, the number of confiscations in 2015 totaled 650,000. This figure was doubled in 2016, and surpassed 1.7 million in 2017. In the first five months of 2018, 1.2 million confiscations occurred.

In total, during the period between 2015 and 2018, more than 4.8 million confiscations have been conducted.

The study concludes that the Greek state needs to consider new ways of easing the burden on taxpayers who are willing to pay their debts but do not have the means to do so, proposing the introduction of a “haircut,” or partial debt relief, in some extreme cases.