December 26, 2024

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Development with 50 billion debts to EFKA(!!). Are we crazy…?

Development with 50 billion debts to EFKA(!!).  Are we crazy…?

Written by George Kraloglos

Who would put money into growth that we spend early in the morning trying to find percentages for…? Artisans 99% of production or professionals?

Yesterday I was reading the report of my colleague Mr. K. Katikos “EFKA’s debts rose to 47.55 billion” stated that the debts owed to the organization increased by approximately 400 million euros in the last quarter of 2023 and reached approximately 50 billion (!!)

The increase came in the amount of 403,433,965 euros from additional fees (!!).

Watch out for the storyboards in the story now.

Debtors are somewhere around 2,300,000. Of these, 2,700 owe more than a million euros (!!)

Alerts have increased by 70% (!!) and warn them that the next stage will be seizures and freezing of accounts.

They assure them that this will happen if they do not pay or repay their debts within 20 days (!!).

I do not play with the pain of those who owe employer contributions nor with the discontent of those who pay the same contributions consistently and well. For this reason I do not need to delve further into the subject, which has been fully described in the official report that has been published.

But when you have in the business community 2,700 debt cases each worth more than a million euros, the least you have to do, as a government, is to limit (if not freeze) your daily analyzes and forecasts (especially forecasts…). For the rapid development of your economy.

Get the tone and rhetoric of your finance staff who want to forcefully pass on the image of growth out the door and ahead…and why all this?

When you have 2,300,000 workers in the private sector and you expect to collect contributions for their rights (today's and tomorrow's needs) but 2,300,000 employers of all kinds owe EFKA and you think they will respond because you increased notices by 70%… it is unrealistic to try to prove that you have in Your economy has the potential that will lead you to development.

When you have an economy that almost forgets what production means, how new industrialization is done and how to develop small industries, what can you expect from investments from your local production. How will you maintain your multinational companies? Those are useful at least if you don't specify the policy profile and economic beliefs of your country, let's say until 2030. Do you have data showing the development path apart from 5-6 hotels to be built on your islands (if the mayors allow them) or potential new steakhouses , in the major urban centres…, even if the independent anarchists left it here, that you suspect not only outside your universities but also within their services…?

When, under the pretext of hunting for tax evasion, you apply those formulas that drive away business and do not serve the mergers and expansion of your SMEs, it is not possible to cause (now that you need them) business and the pace of actions for the development that you undertake in Your placements and ads.

A government that continues to view the business world as “cows only to be milked…” is clearly on the wrong side of the economy. So, also take a look at the causes of debt formation. And look at the extent to which policies can “of all the governments that have been responsible for bankruptcy from 2008 until today. Finally, you realize that we only have the money of the European Union and the National Rescue Fund for Development. We do not have it for every bitter…

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