The Greek Finance ministry on Thursday launched an e-platform for vulnerable households to settle their debts through a series of favorable measures such as a) settlement of debt through an out-of-court mechanism in 240 tranches for arrears to the state and in 420 tranches in arrears to financial institutions, b) subsiding of loans for the primary residence of vulnerable households for a period of 5 years after reaching a debt settlement deal.
The electronic platform allows debtors in financial weakness to receive a certification that is truly vulnerable to households and then take advantage of the law 4738/2020 which envisages erasing all of their debt and to be offered a second chance.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Tilemahos Efthymiadis
