Greece Looses Massive Payment Revenues
An approximated 16 billion euros has been lost by the Hellenic economy, due to the postponement of state payments and business transactions, amounting to almost 9% of its GDP in 2014.
As reported in Intrum Justitia's recent study, 54% of Greek operations have had to lay off workers as a result of payout deferments. 68% confirmed they were unable to hire more staff due to payment gridlock.
Deputy Director General of the Enterprise and Industry Directorate-General of the European Commission Antti Peltomaki addressed an Athenian seminar yesterday, and stated that this is a comprehensive problem in all of Europe; about 360 billion euros has been confirmed as missing from the EU economy last year, as reported by Kathimerini.
Tagged under
Related items
-
PM Mitsotakis from Brussels: EU aims to prevent Middle East crisis escalation
-
Middle East: Concerns about the Greek and global economy "under the shadow" of the escalation of tensions
-
State Department: The US is in constant contact with Greece and Ukraine - Blinken expresses gratitude
-
Deputy US Special Climate Envoy: We support Greece’s role in diversifying energy sources with its Balkan neighbors
-
EU defense ministers agree to Greece's proposal to run Red Sea operation from Larissa HQ