The Minister of National Economy and Finance, Kyriakos Pierrakakis, announced from the floor of Parliament an increase in the threshold for accounts exempt from seizure for debts owed to the state, from 1,250 euros to 1,600 euros.
The €1,250 threshold had been “frozen” since 2015, when it was established under the SYRIZA government.
With today’s announcement, the new €1,600 limit represents a 28% increase, marginally exceeding the cumulative inflation rate for the period (20.8%).