Greece achieved a financial recovery feat on Tuesday, in the aftermath of a bruising, decade long financial crisis, upon selling €2.5 billion of 10-year bonds for the first team since it was entrapped into the vicious cycle of depression.
According to an analysis of SEV based on the OECD's "How's Life" study, each Greek owes 29.700 euros to his foreign borrowers, an amount that is double the average of his gross annual income.
"We have a crucial 20 days ahead of us to implement all commitments we have signed and for to complete a discussion on debt," Deputy Economy Minister Stergios Pitsiorlas said on Thursday.
Creta Farms on Thursday announced the completion of a signing procedure of agreements with creditor banks on the restructuring of the company’s debt.
An unnamed company became the first entity in Greece to settle its debts to the state and restructure through an extra-judicial mechanism, ministry of Finance sources said on Friday.