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New debt settlement measures for tax authorities, EFKA & banks: Key dates for 72-installment plans, out-of-court settlements & home protection
The main objective is to bring more debtors into the out-of-court settlement mechanism, even those with smaller debts, while also creating a new framework for protecting primary residences
Extra-Judicial Mechanism: new record in debt adjustments – 2,879 in March
The number of new application launches, which reached 6,674, was also at a six-month high
Loans, debts and debtor history at one click – The central credit register is now operational
In March, the public debt database with scoring; in summer, the registry of defaulting tenants – With the cooperation of the Ministry of Finance and the Bank of Greece, the new digital monitoring mechanism is operational
New early debt repayment of €5.3 billion by Greece today: The benefits for the country, households & businesses
It is a move that lifts burdens from the future and unlocks the forces of the next generation, without burdening that generation’s present
Double relief arrangement offers a breather for thousands of professionals and households: An end to “hostage-taking” by debt
Those who resort to bankruptcy are exempted from prosecution, while, in addition, the state will subsidize professionals who are struggling to cope with “vouchers,” so that they can receive support from specialized professionals
IMF Warns: U.S. debt surpasses Italy and Greece for the first time this century
How the debt crisis is migrating from Europe to the world’s largest economy – bleak forecasts from the international organization on U.S. fiscal derailment by the end of the decade
