Greece's Social Security Debt Crisis Worsens Under Nea Dimokratia

Greece's Social Security Debt Crisis Worsens Under Nea Dimokratia

Greece's social security debt crisis continues to escalate, with only a fraction of debtors successfully completing their settlement plans. As of June 2025, under the conservative Nea Dimokratia party led by Prime Minister Kyriakos Mitsotakis, a mere €1.4 in every €10 of debt is repaid through active arrangements, highlighting the urgent need for reform.

The debt to social security funds has surged past 50 billion euros, with over half of debtors abandoning their social security debt settlement plans midway. By June 2025, 38% of social security debt settlements had been abandoned, affecting the stable flow of revenue to the Single Social Security Entity (EFKA). A total of 2,327,870 social security debt settlements had been recorded, with €30.3 billion in social security debts subject to some form of arrangement.

Experts point to a trend where debtors are less likely to choose social security debt settlement for smaller debts, further complicating the issue. Among those who do initiate the process, only 1 in 3 debtors manages to complete it and repay their social security debt. For EFKA specifically, only 3 out of 10 debtors successfully conclude their social security debt settlement process.

The Greek government, with Nea Dimokratia in power, faces a significant challenge in tackling the social security debt crisis. With a majority of debtors dropping out of social security debt settlement plans, the government must address the underlying issues and implement effective measures to ensure a stable revenue flow to EFKA and ultimately resolve the social security debt crisis.

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