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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
Britain: How it attempts to ‘erase’ national debt with money from a 1927 charity fund
Part of a 1927 donation from the National Fund is used to cancel £607 million of bonds following court orders, helping to reduce debt approaching £3 trillion
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
After the bailouts: Greece’s journey from debt to debt management
Greece continues to repay its loans ahead of schedule at an accelerating pace. The latest repayment was €1.1 billion returned to France, benefiting both the Greek economy and the country’s international image
