Country Risk · Southern Europe
Payment delays persist despite reform, especially in tourism-linked and construction sectors. Documentation in Greek meaningfully shortens timelines.
Payment risk
Enforcement difficulty
Currency & transfer risk
Currency
EUR
Avg DSO
80–110 days
Insolvency trend
Stable
Limitation period
5 years
Payment delays persist despite reform, especially in tourism-linked and construction sectors. Documentation in Greek meaningfully shortens timelines.
Diataghi pliromis (payment order) is effective on documentary debt, but enforcement on real assets is slow.
Euro, no capital controls since 2019.
DECOL recommendation
Greek-language extrajudikí ochlísi then diataghi pliromis. Realistic horizon of 4–8 months end-to-end.
