Insolvency code, 'second chance' for debtors unveiled as ND eyes social impact of crisis

PoliticsGreek Politics Tags: Banking, Debt, New Democracy, Reforms
Photo by MacroPolis
Photo by MacroPolis

The government has unveiled the draft legislation that paves the way for Greece to adopt a new insolvency code and offer debtors a so-called “second chance” – a move that New Democracy hopes will stave off a major social impact resulting from the long economic crisis, as well as the knock-on effect of the more recent coronavirus pandemic.

The bill has been in the works for many months after being demanded by Greece’s eurozone lenders as part of the post-bailout reform programme. Its adoption would see Greece fall in line with EU directives as far as bankruptcy regulations are concerned, ...

You need a subscription to access our analysis. Please choose one of the packages available.

If you are already registered, please sign in.

Full Access

A tailor-made service for professionals

Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.

Free Access

Read some of our analysis for no charge

By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.

Standard Access

Our analysis and data at your fingertips

Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.

€500.00