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The country is doing well via Economist but Greeks are "drowning" in debt-Thousands of home foreclosures happened this week

It is the holiday season, as we are just before Christmas, but millions of Greek citizens are in debt to the tax authorities and thousands lose their homes and shops every week.

The Economist's proclamation of Greece as the country of 2023.

In a post, Prime Minister Kyriakos Mitsotakis said that the efforts of the Greek people are recognized:

"A few years ago, who would have thought that Greece would have been named @TheEconomist country of the year? And yet that is exactly what happened. A recognition of the efforts of the Greek people, the ongoing reforms and progress of our country."

All this happened, except that the Greeks didn't go broke, and of course neither did the country, despite all the effort to tidy up the expenses.

Wages in our country lag behind countries of the former Eastern Bloc, such as Romania and Poland, and in many areas we lag behind.

Massive foreclosures of 2500 borrowers a week


The President of the National Confederation of Borrowers-Consumers of Greece, Vangelis Kritikos said:  "Auctions and foreclosures (2 thousand to 2.5 thousand every week). Change of ownership through "funds" from undisclosed shareholders and resources, trafficking and money laundering.

While another source reports about " uncontrolled property purchases in the Eastern Aegean, by Turkish citizens even with Turkish state money. The "Hafen Eschede" has been abolished in the border regions, although it touches on sensitive national issues".

The issue concerns the economic survival of our country's citizens, and the possible new wave of emigration to other states for a better life by our youth.

Over 4 million Greeks owe money to the tax authorities

4 million of our fellow citizens owe the IRS, with total overdue debts reaching 106 billion euros and 26.3 million estimated to be uncollectible.

The huge problem of the huge problem of accuracy and the continuous and predatory revaluations are spazocephaly Greek citizens from 2021.

Unfortunately, millions now include citizens who cannot service their obligations to the tax authorities, and overdue debts are constantly accumulating, leading to massive auctions.

Report of the State Budget Office to the Parliament  

Detailed data of the State Budget Office in the Parliament:

    - 24.8% of the total overdue balance, corresponding to 26.3 billion euros, relates to debts classified as irrecoverable. These arrears showed a slight annual increase of EUR 50 million. As a consequence, the decrease in the total arrears is derived from the change in the "actual" arrears, i.e. the total after deduction of the uncollectible balance, which decreased, under the strong effect of the write-off of the EUR 10.4 billion of OSE SA, by EUR 7.2 billion on an annual basis, reaching EUR 79.7 billion as of 1/11/2023.

    - 59.3% of the actual outstanding balance, corresponding to EUR 47.3 billion, stems from tax debts (direct and indirect taxes, property taxes, VAT, excise duties, etc.).

   - the remainder of the actual arrears comes from other categories of debt, which have a low collection rate. According to data from the Hellenic Revenue Service, these include fines (tax and non-tax), which account for 30.4% of the actual overdue balance, as they reach 24.3 billion euros, and non-tax debts (loans, court costs, imputations, etc.), which account for 10.2% of the actual overdue balance, corresponding to 8.1 billion euros. Taking into account that €8.8 billion of tax debts originate from insolvent debtors and €11.4 billion relate to debts with instalments due beyond the last ten years, €27.1 billion of debts remain, from which, according to data from the Hellenic Revenue Authority, more than 90% of the collections originate. 

In other words, almost all of the collections come from just 34% of the actual overdue balance. In addition, it is noted that only 5.7% of the actual overdue balance is in regulation, which corresponds to EUR 4.5 billion.

The gloomy climate is spreading in Greek society, which can no longer cope

This ugly environment, for which giant companies are responsible, creating oligopolies and controlling prices at many levels of the Greek economy, together with the economic policy of complete privatisation of everything.

Banks that profiteer against consumers with excessive charges for banking transactions, Supermarkets that have become "official black marketeers" with the continuous rise in prices, a dead house construction industry that supports 102 professions, understaffed hospitals that lead to private health care, lead to impoverishment of Greek citizens and this will produce tragic political results in the coming years.

Those who do not understand that the 'enriching' of the state and the impoverishment of half of the Greek citizens is a disaster are out of touch with reality.

The big issue is that the opposition parties, too, have not taken any notice of the economic misery in Greek society, and they are beating them to the punch about natives, with the aim of gaining only political benefits for power.

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