Greek Authorities and Servicers Agree to Cut Interest Rates on Debt Settlement Deals

October 21, 2022

ATHENS – The Greek finance ministry and the Public Debt Management special secretariat reached an agreement with the Hellenic Bank Association and the Association of Servicers to reduce the interest rate margin on debt settlement in the framework of an out-of-court mechanism.

More specifically, the annual interest rate will be reduced by 75 basis points to 2.50%+three-month Euribor (from 3.25% currently) for debt to financial agencies covered by special privileges and the annual interest rate will be reduced by 150 basis points to 3%+three-month Euribor for debts to financial agencies not covered by special privileges.

This significant development will help households and enterprises during the current difficult period due to the energy crisis and the high inflationary pressures, the finance ministry said in an announcement.


ATHENS – The Antonis Samaras Foundation’s opening event took place on Wednesday at the Pallas Theater, with the former prime minister himself and current New Democracy Member of Parliament for Messinia as the main speaker.

Top Stories


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

General News

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.


Warnock or Walker? Georgia Runoff to Settle Last Senate Seat

ATLANTA — Georgia voters on Tuesday are set to decide the final Senate contest in the country, choosing between Democratic Sen.

Back in January, 109 container ships waited off the California coast to unload cargo in Los Angeles and Long Beach, the nation's two largest ports.

NEW YORK – The major American news outlets watched with great interest as the historic Vespers at St.

NEW YORK — In 2022, the story of book publishing was often the industry itself.

NEW YORK — The Rev. Al Sharpton has been called a lot of names in his public life: a hustler, a racist, an opportunist, a fraud, a rat, a jester.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

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