The Greek government has extended the deadline for settling Swiss franc-denominated loans to September 30th. Approximately 17,000 borrowers have already joined the scheme designed to address the financial hardship caused by the franc’s appreciation against the euro. Minister Pierrakakis announced the extension, alongside news of the forthcoming Property Reimbursement Scheme, expected to be operational this autumn. This scheme will address issues related to property repossession. The government also confirmed it will fully implement a recent Supreme Court ruling concerning loans under the Katselis Law, a previous debt restructuring framework, while carefully examining the implementation process. Officials aim to provide continued support for vulnerable borrowers affected by currency fluctuations and economic hardship. The combined measures seek to alleviate financial burdens and stabilize the housing market.
