Greek Borrowers Could Save Up to €28,600 Under New Debt Relief Measures
Finance Minister Kyriakos Pierrakakis announces two new measures to protect borrowers, with potential savings of up to €28,600 and penalties for loan management companies rising to €5 million
Greece’s red loan reforms: What borrowers need to know about servicers and debt protection
The government has defended proposed changes to debt restructuring rules, arguing that borrowers will retain access to judicial protection while benefiting from greater transparency, additional repayment options and stronger safeguards for their primary residences
Mitsotakis announces 120-instalment repayment plans, up from 72, a crackdown on servicers and fuel subsidies
Four new measures target fuel costs and debts: the diesel subsidy rises to 15 cents and reaches 20 cents with refinery discounts, heating oil will be sold for under €1.75, and debt-management firms face stricter rules and fines
