x

Economy

Greece Opens Platform for Debt Settlement on Tuesday

ΑΤΗΕΝS — The new out-of-court mechanism is launched on Tuesday, giving citizens the possibility of repaying the debts up to 240 installments against all their creditors (public and private entities) and under conditions, up to 420 installments to banks. A capital haircut is also provided if this is decided by an agreement between the parties.

The settlement will now be made automatically, ie without the intervention of an employee, without cost and bureaucracy, but with the use of an algorithm through the computer.

"This system will help thousands of our fellow citizens, who have been trapped in their private debt for years. It is a revolutionary system," Minister of Development and Investments Adonis Georgiadis said on Monday.

RELATED

ATHENS - After saying a Value Added Tax (VAT) on food as high as 24 percent couldn’t be reduced because it was unaffordable, the New Democracy government has given a cut from that rate to 13 percent for taxis.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Alberto, Season’s First Named Tropical Storm, Dumps Rain on Texas and Mexico, Which Reports 3 Deaths

TAMPICO, Mexico (AP) — Tropical Storm Alberto rumbled toward northeast Mexico early Thursday as the first named storm of the season, carrying heavy rains that left three people dead but also brought hope to a region suffering under a prolonged, severe drought.

OXFORD, UK – The Oxford Philharmonic Orchestra and Music Director Marios Papadopoulos, announced an all-Beethoven program at the historic Sheldonian Theatre with Guest Conductor Peter Tiboris on Friday, July 5, at 7:30 PM.

CAIRO  — More than 1,000 people died during this year’s Hajj pilgrimage in Saudi Arabia as the faithful faced extreme high temperatures at Islamic holy sites in the desert kingdom, officials said Sunday.

WASHINGTON  — Vice President Kamala Harris says “everything is at stake” with reproductive health rights in November's election as the Biden campaign steps up its focus on contrasting the positions taken by Democratic President Joe Biden and Republican Donald Trump on the issue before their debate this week.

COLOGNE, Germany — In front of Belgium's royal family, King Kev sealed the win.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.