Greek Parliament Passes Bill to Slash Interest for Indebted Homeowners

Greek Parliament Slashes Interest for 100,000 Indebted Homeowners in Sweeping Reform

Greece's parliament has passed a major omnibus bill that retroactively slashes interest rates and monthly payments for more than 100,000 borrowers who have stayed current on court-mandated debt repayment plans under the country's so-called Katseli Law protections. The legislation applies retroactively from April 1, 2019, sharply cutting monthly installments and effectively eliminating ongoing interest for debtors who have consistently honoured their repayment schedules. Minister of National E...

By ANTHEE CARASSAVA