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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
Almost interest-free installments on an already “haircut” loan after the Supreme Court decision
What borrowers gain from the new ruling of the highest court – How the method of calculating interest, the amount of the monthly installment, and the final repayment amount change
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
Le Monde: “Unexpected benefit” for France from Greece’s decision to repay a €1.1 billion loan early
The move is considered impressive and boosts Athens’ credibility, the French newspaper reports
Red loans reduced by €25 billion in the third quarter of last year compared to 2019
The significant reduction in private debt is one of the reasons for the upgrades of the Greek economy by the rating agencies
