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Pierrakakis Announces Burden Easing for Debtors, Higher Fines for Servicers

Draft legislation on private debt will include a fixed interest rate for some debtors and much higher fines for loan servicers, the government said Tuesday.

69 Articles

Lean Right

The absence of representatives of funds and servicers from the hearing of entities in the Economic Affairs Committee of the Parliament, where the private debt bill is being discussed, caused reactions. “They did not come in a bad way,” commented Deputy Minister of National Economy and Finance Dimitris Markopoulos regarding the decision of the Association of Companies for the Management of Claims from Loans and Credits not to participate in the …

Right

"No one is uncontrollable in this country, no form of unruliness will pass," said the Deputy Minister of Finance.

·Marousi, Greece
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Lean Left

ELAS speaks of an unprecedented institutional deviation for loan contracts and calls for the withdrawal of article 23 of the new bill of the Ministry of National Economy and Finance The post ELAS: The government becomes the executive arm of the servicers – Article 23 should be withdrawn now appeared first on in.gr.

·Greece
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"We are putting 18 articles to a roll call vote to see who means and who does not mean the protection of borrowers," announced the Minister of National Economy and Finance Kyriakos Pierrakakis at the start of ... More

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Fixed interest rate of 3% until repayment – Benefit of up to 28,600 euros for borrowers and 5 million euros in "bells" for servicers

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The debate on the multi-bill of the Ministry of National Economy and Finance begins in the Plenary Session – Two new key interventions announced by Kyriakos Pierrakakis The multi-bill of the Ministry of National Economy and Finance under the title “Strengthening the supervision of receivables from loans and credits under management – […] The article In the Parliament, the bill on private debt: Fixed interest rate of 3% in the extrajudicial and m…

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Newsit.gr broke the news on Thursday, October 29, 2026.
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