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[BUSINESS] · Greece · 48 sources

Greece launches new extrajudicial debt‑relief platform for borrowers

A new electronic platform for Greece’s extrajudicial debt‑relief mechanism opens on Monday 27 July 2026. The scheme lowers the minimum debt amount eligible for restructuring from €10,000 to €5,000, allowing an estimated one million additional debtors – taxpayers, social‑security contributors, banks and asset‑servicers – to adjust their obligations.

Eligible debts can be spread over up to 240 monthly installments for amounts owed to the tax authority or the EFKA social‑security fund, and up to 420 installments for bank and servicer claims. The minimum monthly payment is €50 and the interest rate is fixed at 3 % for the whole period. Applications are submitted entirely online; applicants must provide detailed income, asset and liability information and consent to lift tax‑ and banking‑confidentiality so that all creditors can assess the debtor’s situation. Under certain conditions the mechanism may also write off part of the principal if the debt is deemed unsustainable.

The government estimates the change will give a major financial breathing‑room to micro‑debtors and improve the overall health of the Greek credit system.

Entities: Bank and asset servicers · EFKA · Extrajudicial debt‑relief mechanism · Greek government · Greek tax authority

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

  • [● 15 SOURCES] Applicants must disclose detailed income, assets and liabilities and consent to the removal of tax‑ and banking‑confidentiality. (multiple articles)
  • [● 15 SOURCES] The minimum debt amount eligible for restructuring is lowered from €10,000 to €5,000. (multiple articles)
  • [● 15 SOURCES] The scheme can restructure debts over up to 240 monthly installments for tax‑authority and EFKA claims and up to 420 installments for bank and servicer claims. (multiple articles)
  • [● 15 SOURCES] The new electronic platform for Greece’s extrajudicial debt‑relief mechanism opens on Monday 27 July 2026. (multiple articles)
  • [● 15 SOURCES] The minimum monthly payment under the new mechanism is €50 and the interest rate is fixed at 3 % for the whole period. (multiple articles)
  • [● 15 SOURCES] The government estimates that up to one million additional debtors could benefit from the new mechanism. (multiple articles)

Sources