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
-
Economist: Greece rises 9 places in the "democracy index"
-
Easter bonus of up to 300 euros for 1.1 million Greeks
-
IT: Record recruitment in the Greek market in 2023
-
Weather: How the warm holidays in Greece relate to the "storm of the century" in the US
-
NATO: Greece and Turkey to resolve their differences diplomatically