Settlement of out-of-court debts had exceeded €20 billion by the end of July. A total of 66,578 cases were successfully settled, although it remains whether debtors will abide by the terms.
Settlement of out-of-court debts had exceeded €20 billion by the end of July. A total of 66,578 cases were successfully settled, although it remains whether debtors will abide by the terms.
Another 17,700 settlement applications for debts totaling €7.7 billion are still being negotiated and another 22,910 applications, concerning €11.71 billion have been recently submitted, according to data released by the Ministry of Finance.
A total of 2,205 new debt settlement agreements were concluded, covering initial liabilities of 564 million euros, marking a 65%…
With a mountain of overdue private debt reaching €165 billion, the government is attempting to open another settlement cycle.
AADE data shows that the largest concentration of settled debts is found in the range from €500 to €10,000.
The reform lowers the minimum debt threshold from 10,000 euros to 5,000 euros, significantly expanding the scope of the scheme…
The electronic platform for applications under the new out-of-court debt settlement mechanism was launched on Monday.
Greece is set to introduce new debt settlement tools for outstanding obligations to the state, social security funds and…
