Greek Borrowers Could Save Up to €28,600 Under New Debt Relief Measures
Greece is introducing a fixed 3% interest rate for eligible borrowers entering debt restructuring agreements through its out-of-court settlement mechanism, while increasing the maximum fines imposed on loan servicing companies tenfold, Finance Minister Kyriakos Pierrakakis announced in parliament on Tuesday. The two measures will be introduced as amendments to legislation aimed at protecting borrowers and…

