The numbers have spoken - 4 million Greeks do not pay taxes and VAT - 1,700,000 citizens owe to red loan funds

Not even in the economy, once the government’s strong suit, are things going well.

1) The total debts of natural and legal persons to the tax authorities have reached €111 billion and concern 4,000,000 Greek men and women.
These 4,000,000 Greeks, representing 45% of the electorate, are unable to pay their tax debts or are delayed due to liquidity problems.

2) To the red loan funds, 1,700,000 citizens owe a total of €67 billion.

3) The debts to the social security funds, as recorded in KEAO (Center for the Collection of Insurance Debts), amount to €50 billion, and procedures will soon begin for €15 billion of these debts, which will be undertaken by red loan management companies expanding into insurance debt management as well.

4) The Public Debt of Greece remains stagnant at €403 billion, of which €108 billion are in bonds and €294 billion in loans, including €52 billion in repos.
It should be noted that on November 7, 2025, Scope will evaluate Greece, and on November 14, 2025, Fitch will do the same, without surprises expected, although an upgrade of outlooks from neutral to positive cannot be ruled out.

5) Real estate has gained greater value, its total value in Greece is estimated at €750 billion, but property is an investment that becomes real only when a property is liquidated, i.e., sold.
Moreover, property investment has a payback period of 18 to 20 years, and it is not considered profitable.

Conclusion

The once strong card of New Democracy, the economy, is not doing well.
The Stock Market may have recovered to 2,000 points, and values may have increased, but the Stock Market world does not exceed 250,000 people, corresponding to 2.8% of the electorate.
When a producer, for example, sells lentils at €0.70, and in the supermarket the consumer buys them for €6.50, that is an economic scandal at the producer’s expense.
A few years ago, lentils cost €2.50, and now they have reached €6.50, this is pure theft.
Inflation has devastated the middle class, the very group that elects each government. There is great discontent within the middle class toward government policies.

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