One of the Greek government’s priorities since the beginning of its term is the maximum possible effort to address that problem of private debt, Finance Minister Christos Staikouras said on Thursday, ANA reports.
Speaking in Parliament, the FinMin said that private debt arrears fell to 63.6% in the first half of 2022 from 70% in 2018, while the Greek private debt as a percentage of GDP fell to 125.5%, down from a European average of 162.5%.
Staikouras added there was increased interest by civilians to seek debt settlement through an out-of-court platform and said that he expected all related financial agencies to complete procedures. He underlined, however, that creditors continued rejecting a large volume of debt settlement requests and said there was significant room for improvement in this field.
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