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Michalis Katrinis

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Situations

[ACTIVE] [BUSINESS] [GR]

Greek red loan crisis

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Latest: Greek loan servicers restructure €356 million of distressed loans in June

In 2025 Greek tax arrears rose sharply, adding €3.77 billion to the fiscal burden, while high‑interest private debt (“red loans”) contributed another €2 billion. Around four million taxpayers and 2.5 million social‑secur