Rising Public Debt in Greece Strains Private Sector
Greece’s overdue public debts to private entities have surged to €2.819 billion as of September, despite government commitments to manage these obligations. The healthcare sector is the largest debtor, accounting for €1.281 billion. Additionally, overdue tax refunds have increased, with outstanding returns climbing from €648 million in August to €815 million by September. The ongoing payment delays have significant implications for liquidity and competitiveness, especially for small and medium enterprises, prompting scrutiny from the European Court over hospital payment practices. The government is under pressure to reform the Central Health Procurement Authority to address these issues effectively.