Nearly half the total loans owed to the country’s four main banks, or about 86 billion euros, are delinquent or close to it. Some 4.2 million people are in arrears to the state, with delinquent tax debts of around 103 billion euros. Overdue debts to social security funds are currently at 34.4 billion euros. Taxes on property jumped to 3.7 billion euros in 2017, from around 600 million euros before the crisis. The need to pay taxes and meet other obligations has seen private deposits in Greek banks drop to 131.385 billion euros last November, from 237.8 billion in 2009.

Source: New York Times January 10, 2019 06:00 UTC