Greece expands EFKA debt settlement to 120 installments, covering 2024 arrears

Greece's EFKA social insurance fund is upgrading its debt settlement program from 72 to 120 monthly installments, extending eligibility to arrears accrued through end-2024. The move follows weak uptake of the 72-installment scheme, with only 11,000 applications in its first months, signaling a policy adjustment to improve compliance. This affects roughly 500,000 debtors and reflects fiscal pressure on social security collections.