The Greek government has extended its restructuring programme for Swiss franc-linked loans until September 2026, aiming to give borrowers more time to join the scheme, which has already attracted around half of eligible participants.

The scheme will provide for the favorable conversion of remaining Swiss-franc loan balances into euros, with a discount ranging from 15% to 50% on the exchange rate, depending on borrowers’ income

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

The latest ruling by a French court will be closely scrutinized by Greek borrowers whose mortgage was issued under the same, ultimately ruinous scheme