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A new special arrangement allowing overdue debts to Greece’s social security agency (EFKA) to be repaid in up to 72 monthly installments is set to go into effect in June. The program arrives amid stark figures: seven out of ten self-employed workers and farmers carry outstanding balances with EFKA, with total overdue contributions to Greece’s insurance funds sitting at €51.31 billion.
The plan involves no debt write-down and operates along the same lines as existing standing arrangements — carrying an interest rate of 5.84% and a minimum monthly payment of €30 — while simply extending the repayment window. It covers debts accumulated through December 31, 2023, that are not currently…