Buried by Tax Hikes, Greeks Can’t Pay, Debts to State Soar

ATHENS – With Prime Minister and Radical Left SYRIZA leader Alexis Tsipras proclaiming a recovery from a more than 8 ½-year-long economic crisis, it hasn’t reached households where more Greeks buried under an avalanche of tax hikes he imposed can’t pay.

Debts to the state are growing continually as the Premier, in an election year with his popularity vanishing, is trying to wiggle out of austerity measures to which he agreed with international creditors after swearing to reject tough new conditions he implemented.

The most regressive has been taxes, including hikes to the hated ENFIA property tax surcharge he swore to end but increased and now says with elections coming that he’ll finally do away with this year.

The Independent Authority for Public Revenue said state debts jumped 857 million euros ($974.52 billion) in November, raising the total of unpaid monies to more than 9.69 billion euros ($11.02 billion), most seen as uncollectible because years have gone by and much of it owe by businesses no longer in existence.

That news came with further bad news for November with reports that private sector bank deposits fell another 79 million euros ($89.83 million) after dropping 346 million euros ($393.45 million) in October.