Pierakakis: Income Support, Private Debt Relief, and Investment Drive Set for September

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Greek Minister of National Economy and Finance Kyriakos Pierakakis has outlined three key pillars of the government’s economic policy agenda for September, ahead of the Thessaloniki International Fair (TIF or DEΘ). Speaking on Apogevmatini tis Kyriakis, Pierakakis emphasized measures aimed at supporting disposable income, addressing private debt, and attracting new foreign investment — all central to Greece’s broader macroeconomic strategy.

Targeted Support for Households and Workers

At the TIF — scheduled for early September — the government plans to unveil a comprehensive package of interventions for pensioners, salaried workers, self-employed professionals, and farmers. The goal is to reduce tax burdens and bolster take-home pay. According to Pierakakis, these measures will be structural, not temporary, and designed to operate within the country’s fiscal constraints.

Protection of Primary Residences

A major milestone is set for 21 September, when enhanced legal protection for primary residences enters into force through the out-of-court settlement framework. This new safeguard joins a series of existing reforms targeting private debt, including the 72-month repayment plan, recent updates to the out-of-court mechanism, an increased protected bank account threshold, and other debt restructuring tools. As noted by the Eurogroup President, the aim is to offer thousands of indebted households and individuals a realistic path to stabilizing their financial obligations and easing the pressure caused by accumulated liabilities.

Boosting Greece’s Global Investment Appeal

The third pillar focuses on positioning Greece as a regional hub for international investment management. The Ministry of Finance reports that a modern, competitive regulatory and operational framework is now in place — one intended to make Athens a base for real, value-adding activity by global institutional investors. Hosting such entities in Athens could bring skilled professionals and technical expertise to Greece while also strengthening a broader ecosystem of financial services, including banking, auditing, legal advisory, consulting, and fintech.

Pierakakis signaled that significant developments are expected in the coming weeks — moves likely to reinforce Athens’ growing role on the international financial map.

Together, these priorities form the core of Greece’s September economic agenda: balancing immediate household support with long-term financial stability and sustainable growth driven by high-quality investment and job creation.

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