Amount Greeks owe their state rises to 54 billion euros
There was an increase of more than 5 billion euros in the amount of money Greeks owe the state last year and stands at over 50 billion euros this year, according to figures provided to Parliament by the Court of Audit.
The court informed MPs that while debts to the state stood at 38.7 billion euros at the end of 2010, they rose by 21.1 percent last year to reach 44 billion euros by the end of 2011. This was the equivalent of 21.1 percent of Greece’s GDP.
Auditors said that the figure at the end of October this year had increased to 54 billion euros, or 27.7 percent of GDP.
Meanwhile, the number of bounced checks in November stood at 72.5 million euros, which was down 8.2 percent on the previous month and 56.3 percent less than a year earlier.
The total number of dud checks for the year came to 1.25 billion euros by the end of November, which was down 35.7 percent on the same period in 2011.
Three people were injured late on Tuesday during a protest against the firing of three employees at a grill house in Thessaloniki, in northern Greece.
The incident occurred when a group of p...
Odysseas Drivalas has been appointed president of the civil servant’s umbrella union, ADEDY, replacing Costas Tsikrikas, who is entering retirement.
Formerly an ADEDY vice-president, Drivala...
New PAOK coach Huub Stevens has called for unity among fans after taking charge of the Greek club whose players said they feared for their lives last season because of regular protests.
Gree...
Greek canoeing champion Andreas Kiligkardis died on Wednesday after losing his battle against leukemia.
The 37-year-old had been in a coma since last Tuesday at a hospital in Poland - where ...
The people of this country need to see their politicians start producing real, tangible results. One of the leading factors behind the anger and frustration felt by so many Greeks toward the...
There is no room for ego trips and personal whims when the country’s survival is at stake. The three party leaders who agreed just a year ago to join forces in order to govern the country mu...
