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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.

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ATHENS - Greek retail commerce enterprises' turnover grew 22,1% in November 2021, totaling 2,86 billion euros, from 2,35 billion in November 2020 and up 1,9% from October 2021 (2,81 billion), Hellenic Statistical Authority said on Wednesday.

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ATHENS – A major snow storm that had been predicted for days still caught residents in Greece offguard and the New Democracy government scrambling for answers as to why motorists were stuck for hours on major roads.

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US Congress represenatives Gus Bilirakis of Florida and Nicole Malliotakis of New York – both Republicans – assailed President Joe Biden's administration for no longer supporting the EastMed pipeline project by Greece, Cyprus and Israel.

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WASHINGTON HEIGHTS, NY – In the presence of distinguished guests, the vasilopita was cut by the Federation of Greek American Educators in the community hall at St Spyridon Greek Orthodox Church in Washington Heights on January 23.

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Meet Methuselah, the Oldest Living Aquarium Fish

SAN FRANCISCO — Meet Methuselah, the fish that likes to eat fresh figs, get belly rubs and is believed to be the oldest living aquarium fish in the world.

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