A new Finance Ministry bill aims to give breathing space to 1.5 million debtors, as private debt in Greece exceeds €240 billion

Finance Minister Kyriakos Pierrakakis says the long-awaited Property Acquisition and Leaseback Agency is in its final stretch, offering vulnerable borrowers subsidized rents and a path to reclaim their homes.

Greece recorded its highest-ever monthly total of out-of-court debt restructurings in March, with 2,879 agreements reached covering obligations of approximately 982 million euros, authorities said. Of those, 650 were concluded under a law that expanded eligibility criteria, requiring creditors to submit mandatory restructuring proposals. Officials said the legislative changes have significantly strengthened debtor protections, enabling […]

The government introduces a revised mechanism allowing homeowners to protect their main residence through debt “haircuts” and lower monthly payments, even if other assets must be sold

Bank of Greece governor says financial stability will not be affected by a recent Supreme Court decision on the Katseli Law, as he stresses the importance of political stability and Greece's gradual progress in reducing inequality

Euro’s depreciation against the Swiss franc has caused tens of thousands of mortgagors and guarantors to despair after economic crises