Amendment to address the private debt will deposit the PASOK In Parliament tomorrow, Wednesday, in the bill of the Ministry of National Economy and Finance.
According to the relevant presentation by Milena ApostolakiMember of Parliament and Officer of Economics, Banks, Private Debt, Dimitris SpyrakosSecretary of Private Debt & Consumer Protection and Deputy Secretary Dimitris Anastassopoulosthe proposal to protect borrowers will move to four axes: Protection of borrowers in Swiss francs, upgrading the out -of -court mechanism, management companies’ liabilities and ensuring transparency in banking transactions.
In detail, the press conference was reported:
“Private debt is a twin brother of accuracy, limiting the disposable household income and threatening business viability.
Our proposal gives a breath to households and businesses that are currently suffering from the pressure of arbitrariness and bank intolerance, funds and services.
Our suggestions have a look at the needs of citizens, not speculators. They give socially fair and sustainable solutions, where the current government has proven to fail as it does not have political will, among other things,.
– Today 4,000,000 million VAT IDs owe 2,300,000 households and businesses owed to EFKA and over a million loans are “red”.
– By mid -2025, an out -of -court debt of € 13 billion has been settled through an out -of -court mechanism of € 230 billion, in fact much less since many of these arrangements have again blocked, resulting in citizens threatened with mass auctions of first home and feeling unprofessional.
– Borrowers in Swiss francs are required to pay not only higher interest, but also to return a much larger capital than they have received and as a result they are unable to serve their loans without any protection from the government and
– Banks are now abusive and imposing unnecessary supplies.
For this reason, PASOK presents part of the radical and integrated plan to deal with private debt with amendment to the bill of the Ministry of National Economy and Finance.
The amendment includes four basic axes:
1) Protection of borrowers in Swiss francs by introducing a fair distribution of foreign exchange risk between banks and debtors, as it is undertaken by two -thirds by the creditor and one -third by the debtor. On the basis of PASOK’s proposal, a retrospective recalculation of debt with a more favorable exchange rate is provided that the arrangements also cover contracts that have been terminated or converted into euros.
2) The upgrading of the out -of -court debt settlement mechanism by establishing the compulsory participation of creditors in the process and a series of changes that will facilitate the production of realistic proposals, reinforces the Code of Conduct and establishes the obligation to reject debtors’ proposals. There are also debt settlement committees to ensure sustainable arrangements, while sanctions are enacted in cases of breach of liabilities by banks and management companies.
3) The obligation of the Management Companies to maintain stores or to work with bank stores in each regional unit to which the debtor can address to serve the issues linked to his debt, and their subsequent obligation to keep a record of the full file and the full file of the case, Adjustment. Abusive and unfair practices of management companies during the negotiations are addressed.
4) Ensure transparency in banking transactions by abolishing abusive and opaque charges in basic banking services. Consumer access to banking services is ensured, the phenomena of excessive charges in stores are tackled to pay the same amount as online transactions, surcharged only with the actual cost of service. Banks, after all, should explain for every charge if it is a real operating cost or service pay to check for legitimacy and reasonable amount.
Following the presentation of the government’s “Black Bible” for private debt, PASOK presents its own different plan for private debt that responds to citizens’ protection needs and ensures social cohesion while at the same time guaranteeing transparency and confidence in banking. “
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