Greece's Ministry of National Economy and Finance published its June progress update on the Out-of-Court Debt Settlement Mechanism, reporting a record monthly number and value of completed restructurings. During June, 1,995 restructurings were agreed with a total value of more than EUR 670m, the highest monthly amount restructured to date. The Ministry linked the stronger flow of cases to the doubling of income and asset eligibility thresholds introduced in May alongside other recent legislative improvements. Cumulatively, successful restructurings now total 38,567 cases covering EUR 12.7bn of initial debts; in June, 3,965 vulnerable households and 155 debtors with disabilities benefited under the frameworkâs mandatory provisions, and 222 debtors suspended scheduled auctions using the advance payment measure. Separately, data on bilateral loan restructurings with the four largest credit servicers (Intrum, Cepal, DoValue, Qquant) show that in May agreements reached EUR 0.5bn across 6,000 debtors, with 41% relating to mortgages and an approval rate of 83.7%.
Ministry of National Economy and Finance (Greece) 2025-07-09
Greece's Ministry of National Economy and Finance reports record June volumes in the Out-of-Court Debt Settlement Mechanism
Greece's Ministry of National Economy and Finance reported a record number and value of restructurings under the Out-of-Court Debt Settlement Mechanism in June, with 1,995 agreements totaling over EUR 670 million. The increase is attributed to higher income and asset eligibility thresholds and recent legislative improvements. Additionally, bilateral loan restructurings with major credit servicers reached EUR 0.5 billion in May, with a 41% focus on mortgages and an 83.7% approval rate.