In response, the Ministry of Finance proceeded (Ministry) PASOK today (2.9.2025) in a two -hour, monotonous – as it calls it – a performance in which it was attempted to prove that the private debt increases.
According to the Ministry, the reality once again denies these claims. It is noted that the index of total Greek private debt as a percentage of GDP, which is the only internationally comparable measurement, was 93.3%for 2023, when the average EU. was 125.6%. According to the ministry, this is a clear indication of the progress of the Greek economy in this sector.
At the same time, the Ministry of Finance notes that from 2019 to the fourth four months of 2024, the overdue private debt as a percentage of total private debt has decreased by more than 10 percentage points, reaching 58.4%. The total overdue private debt is now estimated at € 229.2 billion, according to the same figures, Greece is below the EU average, specifically in 16th place (in declining ranking) in the relevant index.
And they follow all the elements that prove that PASOK builds its political existence on the creation of false impressions. But the data speaks for themselves:
- Truth 1: Private debt since 2019 has been steadily downward as a percentage of GDP. From 110% in 2019, it was reduced to 93.3% in 2023.
- Truth 2: Household debt in particular decreased from 55.4% of GDP in 2019 to 40.9% in 2023 and to 38.8% in 2024.
- Truth 3: The total “red” debt managed by banks and services has declined significantly. Specifically, in 2019 non -performing loans amounted to € 92 billion, while at the end of 2024 they fell to € 67 billion. Any increase observed in 2025 concerns accounting integration and recording of PQH loans, which until recently did not exist on the perimeter of the data collected by the BoG.
- Truth 4: With regard to arrears in AADE, it is observed that the overwhelming majority (79.7%) of the total arrears of the tax administration is up to 2018, while 46.8% relates to a period before 2013.
- Truth 5: The out -of -court debt settlement mechanism produces impressive results by protecting citizens and businesses from forced collection or loss of property. From 2022 to 2023 there was a 245% improvement in successful arrangements and from 2023 to 2024 by 81%.
Following the upgrading of the out -of -court platform in May 2025 – which included doubling income and assets and compulsory creditors – the mechanism experienced a dynamic and unprecedented increase in both submissions and integrated arrangements.
In May, there was a jump of 145% on the new applications, which amounted to 10,870 – more than twice as many as previous months. Historically high levels were also recorded with 1672 new settings.
June brought the highest number of arrangements in one month to date: 1,995, with a total amount of over € 670 million
In total, by the end of July 2025, 40,515 successful debt arrangements have been made to € 13.2 billion in initial debts, of which EUR 8.1 billion corresponds to bilateral arrangements (public creditors) and € 5.1 billion in polymeries. The increase in settings is estimated at 45% in the period 2023-2024.
What has been implemented in recent years in regulating, dealing with and restricting private debt and protection of debtors from unfair practices have never been adopted in the past by any government. It is recalled that by the law of this government, for the first time strict rules of operation and communication of the services with the citizens, while the debtor’s timely warning by the creditor in the event of auctioning his property was mandatory. Finally, the number of debt settlement installments in AADE and KEAO from 12 to 24 was doubled.
The political confrontation is legitimate. Ignorance, deliberate distortion and falsification of numbers are not. Those who resort to these practices come directly from the darkest pages of the Greek crisis. They are the ones who learned nothing, they didn’t forget anything and talk exclusively to yesterday.