Greek government launches new extrajudicial debt‑relief platform for borrowers

extrajudicial debt‑relief Greek debt restructuring €5,000 threshold 420 installments 3% interest

The Greek government has opened an electronic platform that allows debtors with obligations exceeding €5,000 – down from the previous €10,000 threshold – to join the extrajudicial debt‑relief mechanism. The change is expected to make the scheme available to up to one million additional households and small businesses. Applicants must submit detailed information on income, assets and liabilities and consent to the lifting of tax‑ and banking‑confidentiality so that all creditors can assess their case.

Repayment is structured in monthly installments: debts owed to the Tax Authority and the Social Insurance Institute (EFKA) may be spread over up to 240 months, while obligations to banks and debt‑servicers can be stretched to as many as 420 months. The minimum monthly payment is set at €50 and the interest rate is fixed at 3 % for the entire period. Under certain conditions the mechanism can also grant partial forgiveness of the principal amount. Applications are filed online through the government portal, and the process is carried out entirely electronically.

Entities

Bank and asset servicers · EFKA · EFKA (Greek Social Insurance Institute) · EFKA (Greek Social Security Fund) · Extrajudicial debt‑relief mechanism · Greece · Greek Ministry of Finance · Greek Social Insurance Institute (EFKA) · Greek Tax Authority (AADE) · Greek Tax Authority (Εφορία) · Greek banks · Greek extrajudicial debt‑relief mechanism

Claims

What the coverage asserts, and how many sources carry each claim.

[● 33 SOURCES] Applicants must disclose detailed income, assets and liabilities and consent to the removal of tax‑ and banking‑confidentiality. flamis.gr · fouit.gr · www.iefimerida.gr · www.businessdaily.gr · www.dealnews.gr · +22 more
[● 33 SOURCES] The minimum debt amount eligible for restructuring is lowered from €10,000 to €5,000. flamis.gr · fouit.gr · www.iefimerida.gr · www.businessdaily.gr · www.dealnews.gr · +22 more
[● 33 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. flamis.gr · fouit.gr · www.iefimerida.gr · www.businessdaily.gr · www.dealnews.gr · +22 more
[● 26 SOURCES] The new electronic platform for Greece’s extrajudicial debt‑relief mechanism opens on Monday 27 July 2026. flamis.gr · fouit.gr · www.iefimerida.gr · www.businessdaily.gr · www.dealnews.gr · +15 more
[● 26 SOURCES] The minimum monthly payment under the new mechanism is €50 and the interest rate is fixed at 3 % for the whole period. flamis.gr · fouit.gr · www.iefimerida.gr · www.businessdaily.gr · www.dealnews.gr · +15 more
[● 33 SOURCES] The government estimates that up to one million additional debtors could benefit from the new mechanism. flamis.gr · fouit.gr · www.iefimerida.gr · www.businessdaily.gr · www.dealnews.gr · +22 more
[● 20 SOURCES] The mechanism applies to debts owed to the State, tax authority, EFKA, banks and debt‑management companies. www.anatolh.com · flamis.gr · fonimaleviziou.gr · fouit.gr · www.in.gr · +13 more
[● 20 SOURCES] The minimum monthly payment is €50 and the interest rate is fixed at 3% for the whole period. www.anatolh.com · flamis.gr · fonimaleviziou.gr · fouit.gr · www.in.gr · +13 more
[● 20 SOURCES] The electronic platform for the extrajudicial mechanism opened on Monday 27 July 2026. www.anatolh.com · flamis.gr · fonimaleviziou.gr · fouit.gr · www.in.gr · +13 more
[● 3 SOURCES] Up to one million additional debtors could benefit from the new mechanism. www.anatolh.com · fonimaleviziou.gr
[● 3 SOURCES] The minimum debt amount eligible for the mechanism was lowered from €10,000 to €5,000. www.anatolh.com · flamis.gr
[● 3 SOURCES] Debts to banks and servicers can be restructured over up to 420 monthly installments. www.anatolh.com · fonimaleviziou.gr