Greek Debt Settlement Bill Voted Through in Parliament by Majority Vote

October 26, 2020

ATHENS — The government's debt settlement bill was passed in parliament by a majority vote of 158 MPs on Monday.

Another 140 MPs rejected the bill, which includes a new bankruptcy code for both businesses and private individuals, and regulations on home owners who have defaulted on their debts.

The Monday vote wrapped up four days of parliamentary deliberations, after main opposition SYRIZA leader Alexis Tsipras and 85 MPs of the party tabled and lost the vote on a motion of censure against Finance Minister Christos Staikouras, slamming the bill for not adequately protecting home owners whose homes are seized and auctioned against their loans and mortgages, SYRIZA had said in parliament.

Addressing the plenary on Monday, Staikouras said the bill is "cost-effective because it addresses the issue of private debt," and "socially sensitive, taking special care of vulnerable citizens." The minister added that it offers debtors a "second chance" via simple and fast procedures, boosts liquidity in the real economy and also incorporates the most recent European directives.


ANKARA - Greek shipping oligarchs who got the European Union to back off any idea of disallowing vessels to transport oil from Russia as part of sanctions over the invasion of Ukraine are profiting from moving the product, said Turkey’s pro-government newspaper The Daily Sabah.

Top Stories

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.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.


Mission, TNH’s New Travel Documentary Series with Clelia Charissis (Trailer)

Every weekend, TNH and Clelia Charissis are on a mission, traveling around Greece and the world to highlight places through the people we meet along the way.

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.