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.


SOFIA, Bulgaria (AP) — The president of the European Union's executive arm traveled Saturday to Bulgaria for the opening of a natural gas link between the country and Greece, emphasizing the EU’s determination to stop relying on Russian energy imports.

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

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FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

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.


After Amazon, Google’s First Cloud Region Coming to Greece

ATHENS - Despite having a costly Internet that’s the slowest in the European Union, Greece is continuing to attract high-tech giants, with Alphabet’s Google planning to create its first cloud region in the country.

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