Record-Breaking Month for Greece's Out-of-Court Settlement Mechanism

07:24 6/8/2024 - Πηγή: iEfimerida

Greece's innovative program for resolving debts outside of the courtroom reached a remarkable milestone in July, shattering previous records with a staggering 1,952 cases successfully settled, amounting to a total of €518 million in debt wiped clean.

The impressive feat adds success to the program's already stellar reputation, having now facilitated over 21,000 resolutions and lifted a substantial €7.2 billion debt burden

from the shoulders of Greek citizens since its inception.

Official figures released by the government shine a spotlight on the program's particular effectiveness in tackling smaller debts, boasting high approval rates for those up to €250,000.

Beyond the out-of-court triumphs, June witnessed an additional €357 million in debt erased through personalized bilateral agreements directly with borrowers, primarily focusing on the often burdensome mortgage loans.

Recognizing the importance of accessibility, the Greek government is committed to ensuring this life-changing debt relief program reaches every corner of the nation and every individual in need.

To achieve this goal, they have proactively launched a nationwide support system, empowering citizens with the option of convenient video calls or phone appointments through their user-friendly online platform.

The innovative approach streamlines the process, making it easier than ever for those grappling with debt to access the assistance and guidance they require to regain their financial footing.

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