Credit conditions worsened in Greece last
month (February), with the value of bounced checks totaling 182 million euros, up 5.64 percent compared with the previous month and a spectacular 365 percent higher compared with the same month, official figures showed on Tuesday.
month (February), with the value of bounced checks totaling 182 million euros, up 5.64 percent compared with the previous month and a spectacular 365 percent higher compared with the same month, official figures showed on Tuesday.
A report by Teresias SA, the credit market watchdog, said that bounced checks totaled 16,663 in volume, down 6.6 percent from January but up 315 percent compared with February 2010. In the two-month period, from January to February, the value of bounced checks totaled 354.3 million euros and in 34,514 in volume.
Unpaid bills totaled 13,247 in volume, up 4.2 percent from January, and up 208 percent from February 2010, while in value they rose 20 percent from the previous month and 211 percent from February last year. In the first two months, the value of unpaid bills totaled 45 million euros.
source: ANA
