Out-of-court debt settlement mechanism: New record of €773 million in regulated debts in January
Greece's out-of-court debt settlement mechanism reached a record €773 million in January, aiding over 2,500 debtors.Summary
In January, Greece’s out-of-court debt settlement mechanism achieved a new milestone, successfully completing 2,554 arrangements totaling €773 million in regulated debts. Since its launch, the mechanism has finalized 53,307 arrangements, addressing initial debts of €16.53 billion, demonstrating continued public confidence. A significant 68.6% of these cases involve individuals and self-employed professionals.
The program provides particular support to vulnerable groups, with 274 arrangements completed in January for economically vulnerable debtors, including 37 cases involving persons with disabilities. Furthermore, 440 debtors have secured suspensions of enforcement measures, protecting their assets and primary residences.
Bilateral loan restructurings with major financial institutions also show positive trends, with €442 million in arrangements recorded in December 2025, covering 5,522 debtors. The government provides nationwide support through video calls and a dedicated support line (213 212 5730) to facilitate access to these debt-restructuring tools.
(Source：Protothema)