Greek FinMin Leaves Open Possibility of New Settlement Schemes for Overdue Debts

November 24, 2020

ATHENS — Finance Minister Christos Staikouras on Tuesday left open the possibility of a new settlement scheme for overdue debts that will run to between 100-120 installments, depending on developments linked to the pandemic.

In an interview with radio station 'Parapolitika', he stated that "obviously there are many thoughts in relation to the development of the health crisis," adding that "we are discussing them with the institutions".

However, decisions on the possibility of new debt settlement are not expected before the end of the first quarter of 2021, when it is estimated that there will be a clearer picture of how the pandemic has unfolded.

Staikouras also referred to the initiatives to date for the "freezing" of debts created during the first lockdown and the start of repayment in April 2021 in 12-24 installments, the revival of debt settlements that lapsed during the pandemic and a postponement of installments for active debt settlements to the end of the repayment period.


ATHENS - Amid complaints that letting rich foreigners qualify for Greek Golden Visas by buying property has dried up supplies and driven up rents and purchase prices, more investors want to take advantage of putting money in bank deposits.

Top Stories


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.


1 of 2 Abducted Louisiana Children is Found Dead in Mississippi after Their Mother is Killed

JACKSON, Miss. (AP) — A Louisiana woman was found dead in her home Thursday, and her two young daughters were abducted and found hours later in Mississippi — one dead and the other alive, police said.

GELSENKIRCHEN, Germany  — Jude Bellingham scored to give England a winning start at the European Championship by beating Serbia 1-0 on Sunday.

BALTIMORE  — Gunnar Henderson hit his eighth leadoff homer of the season, and three more Orioles also went deep off Zack Wheeler to help Baltimore beat the Philadelphia Phillies 8-3 on Sunday.

OBBÜRGEN, Switzerland  — Nearly 80 countries called Sunday for the “territorial integrity” of Ukraine to be the basis for any peace agreement to end Russia’s two-year war, though some key developing nations at a Swiss conference did not join in.

ATHENS - Four years after the COVID-19 pandemic shut international travel and kept tourists away from Greece, the government now wants  to limit how many cruise ships can dock at popular islands because there are too many tourists.

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.