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Tag: private debt

USA: Household debt is deepening – They’re maxing out credit cards, delaying mortgage payments

USA: Household debt is deepening – They’re maxing out credit cards, delaying mortgage payments USA: Household debt is deepening – They’re maxing out credit cards, delaying mortgage payments

Interest rate hikes and an inflationary rally have pushed US household debt to a record $16.2 trillion. dollars in the second quarter of 2022 as credit card spending posted its biggest annual rise in more than 20 years, according to a report from the New York Fed, which warned late payments are rising amid heightened […]

YPOIK: The 6th Progress Report on the issue of private debt

YPOIK: The 6th Progress Report on the issue of private debt YPOIK: The 6th Progress Report on the issue of private debt

The Ministry of Finance, under the coordination of the Special Secretariat for Private Debt Management, presents the 6th Progress Report, which sets out, with figures, the progress of actions related to tackling the issue of private debt. The analysis of the data shows that the Government is making every effort to substantially support households and […]

Of the 137 borrowers who have received a settlement proposal through the new out-of-court settlement

Of the 137 borrowers who have received a settlement proposal through the new out-of-court settlement YPOIK: The 6th Progress Report on the issue of private debt

The Ministry of Finance, under the coordination of the Special Secretariat for Private Debt Management, presents the 6th Progress Report, which sets out, with figures, the progress of actions related to tackling the issue of private debt. The analysis of the data shows that the Government is making every effort to substantially support households and […]

Private debt: 632,998 loans were settled

Private debt: 632,998 loans were settled YPOIK: The 6th Progress Report on the issue of private debt

LAST UPDATE: 13:00 By Tasos Dasopoulos Settlement proposals for 137 borrowers were completed by the end of February through the new bankruptcy code which is increasing its effect at a slow pace since the platform for out-of-court debt settlement has been visited by 48,897 people with unregulated debts. Under the new framework, the settlement proposals […]

Topical question M. Katrini to the Prime Minister: Bomb for economic and social stability the private debt of € 260 billion.

Topical question M. Katrini to the Prime Minister: Bomb for economic and social stability the private debt of € 260 billion. Topical question M. Katrini to the Prime Minister: Bomb for economic and social stability the private debt of € 260 billion.

The head of the Parliamentary Group of the Movement for Change, Mr. Michalis Katrinis, submitted a topical question to the Prime Minister, Mr. Mitsotakis, about the private debt, which he characterizes as a “bomb” on the foundations of the Greek economy. Mr. Katrinis, with this parliamentary initiative, seeks the Prime Minister to come to Parliament […]