- According to the World Bank’s Doing Business Report for 2019, Greece ranks 132 nd out of 190 countries in terms of Enforcing Contracts. Specifically, it takes 1,580 days for a case to be heard by the competent court of first instance and for the ruling to be enforced, compared to 582.4 days in the OECD high-income economies.
For example, our SSBF documents that, in 2003, almost 47 percent of small businesses used personal credit cards in the conduct of their business. At that time, most of this use appeared to have been for convenience rather than for longer-term borrowing.