Greece’s Minister of National Economy and Finance, Kyriakos Pierrakakis, spoke on Thursday morning (1/10) about the measures presented by Prime Minister Kyriakos Mitsotakis at Wednesday’s Cabinet meeting to address the ongoing financial crisis.
“Regarding the debt servicers, we had announced some time ago that we would move forward with this. It is a technically complex process. It needed to change — we studied the landscape and consulted with people. We came to add one more tool, one that is directly linked to the difficulties people are facing,” the minister stated.
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Pierrakakis: State oversight bodies, the Bank of Greece and the Ministry of Finance will conduct audits on debt servicers
“The Prime Minister announced an increase in diesel fuel support. A total of €1 billion has been provided in emergency measures for the energy crisis, alongside the €2.2 billion announced at the Thessaloniki International Fair,” he added. State oversight bodies, the Bank of Greece, and the Ministry of Finance will be responsible for conducting audits on debt servicers.
“The regulatory framework for debt servicers will be brought before Parliament by the end of October, and the law will take effect immediately. We would like the 120-installment repayment law to be voted on within October,” he emphasized. “The role of the state is not to wag its finger at people, but to extend a helping hand,” Kyriakos Pierrakakis concluded.
