Intrum Justitia

"A step toward the right direction to reduce the moral hazard in the country," is how Intrum Justitia Group Chief Executive Mikael Ericson describes the agreement between the Greek government and the country's banks concerning the amendment of the so-called Katseli law for the protection of debtors.

According to the 2016 European Consumer Payment Report, three out of four Greeks are unable to pay their bills on time, and as many as 68% are unable to service their debts.

What’s more, one in three respondents expressed the desire to leave Greece to seek a better future elsewhere, citing Germany and the UK as their preferred destinations.

Three in four Greek are unable to pay their bills on time and 68 percent cannot service their debts, according to the European Consumer Payment Report 2016. One in three of respondents, in fact, expressed the desire to leave Greece and seek a better future elsewhere, mainly Germany and the UK.