Greece proposes new law to strengthen debtor protections and increase oversight of debt servicers

The Greek Ministry of Economy and Finance has put a new draft law into public consultation. The bill aims to strengthen debtor protections and increase oversight of debt servicers. It introduces a new, formal debt settlement procedure with clear deadlines, replacing the previous Code of Conduct. The law also extends protections to co-debtors and parents of disabled children. Additionally, it proposes a 10% tax on capital gains from cryptocurrency transfers for individuals. The bill covers other areas like banking, fuel, and electronic payments. The consultation is part of a broader effort to modernize the financial sector and align with European directives.