Saddled with a significant number of bad loans, banks are again offering generous terms for those who agree to settle their debts.
The terms include an 80 percent discount on commercial loans and credit card loans of up to 50,000 euros, and, as regards housing loans, an offer to settle at below the property's value.
The state's debts to companies and individuals have remained relatively stable since the end of 2018, despite warnings from the country's creditors.
State debts are around 2.2 billion euros and it now appears that state suppliers will not be paid off by the end of the year, as the current government has promised.
The tens of thousands of social security fund debtors whose applications to settle their debts were approved will see their monthly installments declining from September as an interest rate reduction from 5 percent to 3 percent annually comes into force.
Both individuals and companies can repay their debts in up to 120 monthly installments.
More than 80 percent of taxes in arrears are owed by a few thousand individuals or companies, according to the Independent Public Revenue Authority.
Out of 104.11 billion euros owed in back taxes at the end of the second quarter of 2019, debtors owing more than a million euros each accounted for 84.038 billion, or 80.7 percent of the total.