Final 12 months, the variety of small and medium-sized companies that owe contributions jumped in comparison with… the reminiscence years. Most of them belong to the low insurance coverage scales
The scale is nothing wanting staggering. So are the associations it evokes. Suffice it to say that in absolute numbers in 2023, 142,227 debtors whose debt begins in 2023 joined the EFKA Insurance coverage Contributions Assortment Heart (KEAO), because it seems from the newest quarterly report, when on the peak of the memorandum period in 2013, which got here as a consequence of the felony decisions for the Greek economic system by the Simitis (1996-2024) and Karamanli (2004-09) governments, the debtors reached 63,876. As can simply be seen with easy arithmetic operations, there’s a greater than doubling of debtors in 2023 in relation to the years of reference.
To be able to have a whole image of the state of affairs, it is sufficient to print the numbers of the years 2010-14 as they’re included within the report of the KEAO.
In additional element, the debtors reached, based mostly on the 12 months of initiation of their debt, in:
- 83,440 in 2010
- 87,933 in 2011
- 73,810 in 2012
- 69,604 in 2013
- 70,350 in 2014
- 63,876 in 2015
- 83,440 in 2016.
Particular case in 2017
If one digs into the numbers, one is admittedly impressed by the variety of new debtors in 2017, since they out of the blue quantity 334,012. Nevertheless, that is fictitious on condition that in that 12 months the EFKA was created and consequently the money owed in direction of all insurance coverage funds along with the money owed to the previous IKA have been included within the KEAO. Nevertheless, issues “normalized” in 2018 and this exhibits the normality dropped at the economic system by the SYRIZA authorities.
Particularly, in 2018 – though the debtors of all insurance coverage funds have been registered since then – 99,707 entered the circle of debtors to lower in 2019 – and regardless of the 11% enhance imposed by the federal government Tsipras on the minimal wage and the abolition of the sub-minimum which introduced a 27% enhance to all these receiving it – to 86,172. From there, the “meat grinder of small and medium-sized enterprises” began by the individual showing as their patron Kyriakos Mitsotakis.
Accordingly, the debtors of the KEAO reached, based mostly on the 12 months of initiation of their debt from 2020, to:
- 115,303 in 2020
- 121,514 in 2021
- 99,707 in 2022
- 142,227 in 2023
The essential aspect
However why does this over-duplication happen? What has occurred to the market and lots of small companies are coming into the vicious cycle of debt? To know what is going on, it is sufficient to point out:
There’s a focus of debtors within the decrease debt scales, with 1,625,969 debtors (74.44% of debtors) owing as much as €15,000 every.
88.44% of debtors (1,931,710 debtors) owe as much as 30,000 euros every.
From this truth alone, it follows that those that are “ruined” and unable to pay their obligations are the small businessmen. It’s the price of residing disaster that Mr. Mitsotakis has imposed with the logic of cartelization of Greek enterprise. This example has introduced for companies an enormous enhance in prices – primarily via electrical energy payments and gasoline that enhance transport prices – in situations of declining gross sales by way of quantity slightly than by way of turnover.
Indicative of that is the 2023 Annual Report on Greek Commerce of the Hellenic Confederation of Commerce and Entrepreneurship (ESEE), which concludes {that a} important share of small and medium-sized enterprises are unable to settle their obligations, are burdened by debt and subsequently face liquidity issues . He additionally factors out that roughly one in 4 industrial companies owes the tax authorities, whereas the liabilities to the insurance coverage funds burden 15% of companies.
Based on knowledge from the Financial institution of Greece, small and medium-sized enterprises in Greece amounted to 731,829 in 2022 and made up 99.9% of enterprises within the non-financial sector, employed 83.5% of employees or 2.2 million personnel and so they produced 57% of added worth or 34.8 billion euros.
Of those, very small companies (fewer than ten folks in employment) quantity to 94.5% of companies and make use of 55.8% of employees and produce 30.6% of added worth. These latter have to be extinguished to ensure that oligopolies to exist.
Furthermore, the directive of the “gospel” of the Mitsotakis authorities, that’s, the Pissarides report, is obvious: “Rising the variety of giant and medium-sized enterprises is a prerequisite for rising productiveness and strengthening exports.”
The issue is that Mr. Mitsotakis desires this transition to occur via the “drowning” of the little ones. The EFKA debtors who’re always increasing are the proof of Mitsotakis “success”. He kills the supplier to extend the income of the large ones.
Learn additionally:
Tempi: Karystianou’s letter to Mitsotakis in regards to the bribery – Why did you intervene within the work of Justice and who’re you hiding?
Do not say it anyplace: Greeks are the final to save lots of!
Easy mob operation classes
Alert to the Authorities – Threatening e-mails a few bomb in colleges in Attica
Macron and Scholz principally agree on Ukrainian assaults with Western weapons inside Russia
Easy mob operation classes
Convention League Closing: All of the visitors preparations – Which roads are closed, what is going on on with MMM
Uproar with Nikki Haley: She wrote “make them” on an Israeli shell (Pictures)
#EFKA #debtors #double #in contrast
