Court Cuts Jobless Mother’s Debt 90%

DebtWith many Greeks unable to pay their debts because of an avalanche of pay cuts, tax hikes and slashed pensions, the number of loans in default has hit nearly 25 percent but banks continue to press consumers to pay back all they owe, and often go to court to force repayment.

But the Country Court of the Municipality of Sikionia in Kiato, Greece, has decided to reduce by 90% various debts of a 45-year-old unemployed mother who said she could no longer pay her loans and credit cards.

The court reduced her debt from 24,000 euros ($31,652) to 2,400 euros ($3,165) and ordered her to pay 50 euros ($65.93) per month for four years until the debts are paid. The consumer advocacy agent EKPOIZO has advised others in the same dilemma to prepare cases if they can’t afford to pay their debts.


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  • Alex

    While debt reduction is unavoidable for some people lets not forget this woman is still a deadbeat. She “generously” spent other people’s money on herself then ended up stiffing her creditors.   There is nothing honourable to be found in not paying one’s debts.

    This is why Syriza exploiting the lowest rug of voter by offering to run away from our national debts. Its disgusting in the modern age there still exist communist extremists that frame their thievery as “human rights”