Greece

  The Central Bank of Greece is working on a plan to cut in half all the bad debts that burden  Greek banks, according to a news report published by Bloomberg on Tuesday. This move is expected to strengthen trust in...

New outstanding debts to the Greek State in June amounted to €5.192 billion, compared to €4.764 billion in May, according to the Independent Authority for Public Revenue (AADE). Out of the €5,192 billion euros, €4,164 billion are unpaid taxes. Of the...

Outstanding debts to the Greek State increased by €770 million in March, reaching a total of €101.641 billion, according to data released by the Independent Authority for Public Revenue (AADE) on Friday. At the same time, old overdue debts in...

Panathinaikos football club have been banned from European competitions for three years for failing to pay their debts to former players, UEFA announced on Tuesday. The Athens club were given a suspended sentence by UEFA's Club Financial Control Body (CFCB)...

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...

Greece's General Accounting Office has failed to repay outstanding debts to the private sector on time, a prerequisite for the disbursement of the bailout loan subtranche of 800 million euros. According to a Kathimerini newspaper report, the funds have been...

Taxpayers’ arrears to the state rocketed by 5.47 billion euros in the first half of 2017, as Greeks are unable to meet their tax obligations. At the same time, the authorities freeze or seize about 900 bank accounts on a...

Greece's Independent Authority for Public Revenue (AADE) is to go after taxpayers in order to collect 3.5 billion euros from old debts and 4.5 billion expected to be generated in 2017. AADE is planning to collect the funds from taxpayers...

Mega television's digital frequency may soon "go off the air" -- possibly as early as Friday night -- due to the owner company's outstanding debts to the Greek digital signal provider Digea. According to embattled Mega employees, Digea's board...

The Greek government aims to receive 1.8 billion euros in March which will be spent to repay state debts towards the private sector, sources from the finance ministry said on Thursday, responding to press reports. The same sources added that...

One in two Greek taxpayers owes money to the debt-ridden state, totaling 94 billion euros, says the Finance Ministry’s General Secretariat for Public Revenue. New figures show that 4.3 million taxpayers have accrued debts in excess of 94 billion euros,...

Outstanding debts to the state keep growing by the month as Greek taxpayers are unable to meet their obligations, according to finance ministry figures. In October, taxpayers failed to pay 1 billion euros in taxes, while the total of the...

How long will it take for three of Attica's municipalities to pay off their debts? The answer is stunning, as according to an article published in the Greek newspaper, Kathimerini on Sunday, municipalities have until 4144 - that's right,...

While the Greek government has begun to repay its debts to the private sector, new debts are starting to pile up, according to the Finance Ministry. Based on the data provided, at the end of September the amount of arrears...

The total debt to all Greek security funds reached 33.62 billion euros at the end of 2015, according to a Naftemporiki newspaper report. About 90% of the total debt from security fund contributions, or 30 billion euros approximately, are debts...