Greece launches 72-installment debt settlement for social security payments

Greece's electronic social security agency, e-EFKA, has activated a new regulation for settling social security debts through 72 installments. This initiative aims to provide relief to individuals and businesses struggling with outstanding payments.

The regulation specifically targets debts accumulated up to December 31, 2023. A key condition for eligibility is that these debts must not have been part of an existing settlement plan as of April 21, 2026, nor should they be under a new settlement at the time of application.

For debts incurred from January 1, 2024, onwards, individuals and businesses are required to either pay them in full or arrange a standard 24-installment payment plan. The application process for the 72-installment settlement must be completed via the electronic services of the Collection Center for Social Security Debts (KEAO) by December 31, 2026.

The minimum monthly installment under this new regulation has been set at 30 euros. e-EFKA has stated that debtors who do not meet the eligibility criteria will receive an informational message when attempting to apply for the 72-installment plan, indicating the existence of an active settlement.