Saving Time in a Bottle

Just when you become comfortable, maybe even complacent, change happens. 

In June the government issued new requirements for Greek residency permits for third-country expats, like us. 

The news was seismic in the expat community; as well could be the changes!

The game rules have changed: time out!

I liken it to changing the game rules once play has started. We are now on the field in the timeout period waiting for the referee to clarify the new rules of play so the game can begin again. 

And we are wondering if we still qualify as players or if we'll be booted.

Greek Game Changer

A seismic change in residency permit requirements

After nearly a decade of staticity, Greece's residency permit was recently overhauled.  It was lengthened from two to three years. The name changed from FIP (Financially Independent Persons) permit to the 'Residence Permit for third-country Nationals with Sufficient Resources'. 

But the most riveting change is the increase in the amount of income you must have to live in Greece.  

The joy in getting that plastic card, the permit, that lets us live in Greece

The monthly income requirement for individuals has nearly doubled, going from 2,000 to 3,500 euros ($3,824US). Two people, filing as a family, will be required to have 4,200 euros ($4,584US).  Because we originally applied as individuals we will need to show 7,000 euros a month in income.

The alternative to the increased monthly income is having stash of 72,000 euros ($78,663US) deposited in a Greek bank account (that's up from 48,000 euros or $45,089US). 

Mid-morning: tellers closed their windows despite waiting customers

The amounts are the only thing clearly defined in the new requirements. And for many expats and expat wannabes, the increases alone could put expat life out of reach. 

For others who could meet the income requirements, it will be a matter of how the proof of income is defined that determines whether or not they qualify. Must it be strictly a pension payment or will passive income, earned on investments, count? 

Greek banks aren't known for their customer service.  So that higher amount to have on deposit isn't a warm and fuzzy option for those of us who've dealt with them. Will savings accounts and investments not in Greek banks count toward the requirement?

'What if' and other questions. . .

We, and most of our American expat friends in the village, are in the midst of the permit renewal process. Applications and documentation for the previous requirements were submitted and accepted by the authorities months ago. Now we wonder if we will be required to start over, file addendums, or get grandfathered in (most unlikely of the scenarios).  

Unsettled times

Expat social get-togethers in recent weeks include a conversation or two on the 'have you heard anything about the permits?'  And occasionally we touch on - the proverbial elephant in the room - 'What if we don't qualify?'  

Needless to say, it has made for a somewhat unsettled summer in the third country expat community. (A 'third country national' is anyone who hails from a country outside Greece or the European Union). We've all had moments in which we ponder our vaguely uncertain futures. And we've all been a bit more reflective on our time here. So much so, that I've decided a song from my teenage years could be the theme song for the summer of 2024. . .

 Saving Time in a Bottle

If I could make days (in Greece) last forever. . .

Back in 1973 singer-songwriter Jim Croce sang a love song about making days last forever, making wishes come true and saving time in a bottle.  Back then, as teenagers, it seemed like days did last forever as we awaited adulthood. Why the need to bottle it? We were far too busy marking time to think about saving it. 

If I could make days last forever

If words could make wishes come true

I'd save every day like a treasure, and then

Again, I would spend them with you

I'd save every day (in the village) like a treasure. . .

Fast forward a half century and the song's lyrics are hitting home loud and clear this summer as a love song for expat life in Greece. I would fill my bottle with. . .

If I could save time in a bottle

The first thing that I'd like to do

Is to save every day 'til eternity passes away

Just to spend them with you

. . .Time spent watching summer sunsets. . .

I'd save summer sunsets and winter storms

. . . and winter storms. . .

The village parking lot after a winter storm

Time spent traveling the backroads. . .

Backroad adventures

. . .even time spent in traffic jams. . .

Local traffic jam

Time spent in the olive grove. . .

My friend Mary and I harvest olives

. . .from harvesting in October. . .

Princess and Maggie in the olive grove

. . . to walking amid wildflowers in March, exploring with my cats. . .

The Scout and our friend Captain Antonis

Time spent with friends - both Greek and expats from other lands. . .

Fellow Americans, friends, who we'd never have met in America

 and even fellow Americans whom we'd never have known back in the States. . .

House projects included, installing a new hot water tank

Times spent making improvements to our Stone House on the Hill . . . 

Enjoying our Stone House on the Hill

. . .and times spent enjoying it. . .

                                                              But there never seems to be enough time

                                                      To do the things you want to do once you find them. . .

Make the time ~ find the time ~ enjoy

Summer's end is fast approaching, and as with every season it does seem we never have enough time to do everything we want to do.  One thing is for sure this year, we are approaching all things with a bit more reflection and appreciation.

Thanks for the time you've spent with us today and to those of you who've followed the residency journey for as long as we've been on it: your continuing interest and support is most appreciated!  

Enjoy your travels and your everyday adventures. Until next time ~