Greece’s Ministry of National Economy and Finance submitted to Parliament a draft law titled “Strengthening the Capital Market and other provisions”, combining capital markets measures with reforms to the framework for addressing private debt arrears. The bill’s debt package extends mandatory acceptance of restructuring arrangements by banks and loan servicers beyond vulnerable debtors to also cover the middle class, allowing staged repayment while aiming to protect assets from seizures and auctions. The 234-article bill also includes provisions on the operation of the capital market, tax incentives to encourage investment in listed markets, and changes to the institutional framework for Real Estate Investment Companies (AEEAP). The ministry stated that the eligibility expansion would increase “eligible debtors” from 7% to 85% of applicants. Other provisions include a waiver by the Greek state of legal remedies against final first-instance administrative court decisions related to Mandra and Mati compensation claims, and an extension of the ENFIA property tax exemption for 2025 for areas affected by earthquakes or floods or subject to compulsory expropriation.
Ministry of National Economy and Finance (Greece) 2025-04-01
Greece’s Ministry of National Economy and Finance submits bill to strengthen capital markets and expand mandatory debt settlements to the middle class
Greece’s Ministry of National Economy and Finance submitted a draft law to Parliament titled “Strengthening the Capital Market and other provisions,” combining capital markets measures with private debt arrears reforms. The bill extends mandatory acceptance of restructuring arrangements to the middle class, increasing eligible debtors from 7% to 85%. It includes tax incentives for investment, changes to Real Estate Investment Companies, and extends the ENFIA property tax exemption for disaster-affected areas.