Despite the Question submitted to him by 11 ND MPs about the need to protect borrowers from the “claws” of funds and banks, Kostis Hatzidakis not only does not intend to take relevant measures, but is pleased with the course of management of “red” loans .
See also: The reasons behind the “hit” of the 11 Blues on Hatzidakis – “To save our dignity” they say
The Minister of National Economy and Finance expresses his satisfaction, arguing that the percentage of bad loans in banks exceeded 40% in 2019 and was limited to 7.5% in 2024, while meaningfully reminding the 11 deputies that the framework for dealing with issue of overdue loans was established “with support from the ND’s KO”.
Read also: 11 “blue” MPs “center” Hatzidakis: “The first residence is not protected”
He does not deny the removal of the protection of the first residence, as was known since the “Hercules” plan was “passed” by the Plenary of the Parliament, while he describes the Katseli law as harmful for borrowers.
“Also, other proposals that have as their core a return to the basic principles of the so-called “Katseli Law” (such as the non-objective determination of the borrower in need of protection and the delays in the discussion of the case by the courts), would misrepresent or they would bring back the distortions which experience has shown some of these arrangements to have caused to the whole system. In many cases, they would harm the borrowers, because they would be burdened with more interest,” he says about the law that horizontally protected the first residence.
At the same time, he praises the pace of implementation of the extrajudicial mechanism, which the 11 ND MPs described as a failure. “The arrangements of the extrajudicial mechanism are now moving at historically high levels. In August 2024, a total of 22,214 successful arrangements for initial debts amounting to 7.52 billion euros are now recorded, while in relation to August 2023, an increase in arrangements by +50.36% has been recorded. Even more, it is recalled that in 2019, the corresponding arrangements in the extrajudicial mechanism ranged at disappointing levels of only 2,200 arrangements, in total” he notes.
Hatzidakis answer:
18.09_HATZIDAKI ANSWER_ RED LOANS _ OUT OF COURT by Website Documento on Scribd
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