Logo
Print this page

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.

© 2012 - 2022 NewGreekTV.com

Website Design