Place Debt Collection Greece
Economy Overview:
Greece has a capitalist economy with the public sector accounting for
about 40% of GDP and with per capita GDP at least 75% of the leading
euro-zone economies. Tourism provides 15% of GDP. Immigrants make up
nearly one-fifth of the work force, mainly in menial jobs. Greece is a
major beneficiary of EU aid, equal to about 3.3% of annual GDP. The
Greek economy grew by about 4.0% for the between 2003 and 2005, largely
because of an investment boom and infrastructure upgrades for the 2004
Athens Olympic Games. Economic growth slowed to about 3% in 2005. Greece
has not met the EU's Growth and Stability Pact budget deficit criteria
of 3% of GDP since 2000. Public debt, inflation, and unemployment are
above the euro-zone average. To overcome these challenges, the Greek
Government is expected to continue cutting government spending, reducing
the size of the public sector, and reforming the labor and pension
systems
Requirements:
- Instructions / authority to proceed with negotiated settlement on the company letterhead.
- Full details of the debtor/s and a summary of how the debt was incurred.
- The amount owing, and the particulars of how it is arrived at.
- Other supportive documentation such as invoice, bill of lading etc.
- Copy of demands made by your company for payment, and copy of any correspondence from the debtor/s that is held on file.
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