Another 664 million euros were added in April 2016 to the “red column” for outstanding debts to the tax bureau, with the sum now reaching the stratospheric 87.88 billion euros – roughly 50 percent of Greece’s GDP at present.
Another 664 million euros were added in April 2016 to the “red column” for outstanding debts to the tax bureau, with the sum now reaching the stratospheric 87.88 billion euros – roughly 50 percent of Greece’s GDP at present.
New outstanding debts to the tax bureau totaled 4.33 billion euros in the first four months of the year.
The figure as a percentage of GDP is atypical for European countries, with the second country on a relative list, Malta, posting a figure of 15 percent of GDP; 10 percent for Cyprus. Moreover, all the other remaining Euro zone member states show obligations towards their respective tax bureaus as under 10 percent of GDP.