In July, a new legislation in Greece will allow over 2 million debtors to keep an additional €350 in their bank accounts each month, raising the protected threshold from €1,250 to €1,600. This change, announced by Kyriakos Pierrakakis, will benefit not only those with debts to tax authorities and social security funds but also to banks and private creditors. Currently, approximately 1.7 million debtors are at risk of account seizures, and the new law aims to protect them better. The annual protected amount will increase to €19,200, up from €15,000, providing an extra €4,200 annually. However, debtors must declare one specific bank account as protected, and any funds exceeding the monthly limit will still be subject to seizure. This means that individuals receiving larger payments in a single deposit may face challenges, as only the designated account will offer full protection against creditors. The Ministry of National Economy and Finance is finalizing the new provisions, which will be part of a broader bill expected to be submitted to Parliament after June 15.