# Greek red loan crisis > Live situation record from CLSTR: https://clstr.news/situations/greek-red-loan-crisis > Updated: 2026-08-06T03:19:00.000Z. Sources: 5. Developments: 2. 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‑security contributors were classified as debtors, with only a few thousand managing to restructure their obligations under earlier installment schemes. The New Democracy government introduced a 72‑installment repayment plan for tax and EFKA debts, but critics argue it will have limited effect and call for broader reforms, such as a 120‑installment plan with a 30 % reduction and stronger borrower protections. By June 2026, the four largest Greek loan‑servicing firms—Cepal, doValue, Intrum and Qquant—adjusted €356 million of distressed “red” loans for 4,239 borrowers, a modest decline from May but a notable increase from April. Adjustments covered mortgage loans (38 % of the total) and loans to very small enterprises (25 %). The servicers collectively manage €79.6 billion of red loans, with the four firms holding over 92 % of this exposure. About €53.5 million of the June adjustments were covered by the Katselei law. ## Timeline ### 2026-08-06: Greek loan servicers restructure €356 million of distressed loans in June Greek loan servicers adjusted €356 million of distressed loans for 4,239 borrowers in June, with Cepal, doValue, Intrum and Qquant handling the bulk; total red‑loan portfolio stands at €79.6 billion. 3 sources. https://clstr.news/cluster/greek-loan-servicers-restructure-356-million-of-distressed-loans-in-june ### 2026-08-06: Greek households and firms hit by soaring tax arrears and “red loans” Greek tax arrears jumped €3.77 bn in 2025 and “red loans” added €2 bn, leaving millions of households and firms in debt; government repayment schemes have so far helped only a fraction. 2 sources. https://clstr.news/cluster/greek-households-and-firms-hit-by-soaring-tax-arrears-and-red-loans --- Cite as: Greek red loan crisis. CLSTR, https://clstr.news/situations/greek-red-loan-crisis