‘We had the record in red loans’
The six new initiatives, The government received for the reduction of private debt, was presented during a televised interview on Thursday morning by the Minister of National Economy and Finance, Kostis Hatzidakis.
Specifically as he said:
- Doubles income & assets
- Mandatory acceptance of arrangements for vulnerable citizens
- Registration Proposal by creditor 3 months before auction
- Legislation for 70,000 borrowers in Swiss franc
At the same time, Kostis Hatzidakis, speaking on Mega and the “Mega Society” show, referred to government initiatives of the last 5.5 years, thanks to which red loans have fallen to 4.6%, approaching the European average.
“Greece held the world record in red loans due to the crisis” said.
“We had the record in red loans. Yesterday I presented evidence that in 2019 we had 93 billion loans and now we have 67. From 2023 onwards we took an initiative and mandatory for the out -of -court vulnerable and gave additional haircuts and introduced a new interest rate. This led to an increase of 81%. We have 10 billion loans, which have entered the out -of -court and 30,000 of our fellow citizens have already been covered by these arrangements, ”he said.
He stressed that yesterday’s announcements broaden the income criteria so that one can get into the out -of -court settlement.
“The second intervention we make before they auction, to make an offer in order to compromise,” Kostis Hatzidakis underlined.
Referring to the legislation on the Swiss franc, he said:
“The Swiss franc is a pan -European problem. The Supreme Court said it was a risk that the borrowers took, and then the exchange rate changed. We are trying to find a solution that will be fair and realistic and will give some relief to borrowers. We still need further discussions with banks, the Bank of Greece and the European Central Bank. This arrangement will come in 2025. We strive to be in the first 6 months. “
Answering a question concerning the “yellow” card of the Commission in our country as it was delayed to apply two instructions on the reduction of the VAT In basic goods and services, he said:
“We are talking about a warning letter sent to other countries. There was a deadline until December 31st and we will obviously comply. There are some measures that are not of particular importance to society and the ministry and there are others potentially under a European agreement. We make reductions. Since 2019 we have made 23 different VAT and indirect tax cuts. It is a matter of a few months and will be adapted to Greece. Our priority is to reduce direct taxes. “
