Insolvency bill debate brings implementation challenges to the fore

PoliticsGreek Politics Tags: Debt, Legislation, New Democracy, Parliament, SYRIZA
Photo by MacroPolis
Photo by MacroPolis

A draft insolvency mega-bill is being debated in Parliament this week, following several months of drafting and a six-week consultation period.

The legislation aims to introduce a new and more efficient legal framework capable of handling small-scale insolvencies of individuals and businesses, in order to help deal with the accumulation of private debt that is the legacy of the country’s decade...

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