Politics · Greece
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On June 24, 2026, the Greek Parliament is set to vote on a legislative amendment aimed at providing relief to debtors under the Katseli Law, which regulates protected loans. The proposed changes, championed by Minister of National Economy Kyriakos Pierrakakis, are expected to significantly reduce monthly payments for over 100,000 borrowers, with reductions of up to 300 euros noted. The reforms will also change the calculation of interest on loans, with a promise to eliminate what the government deems unjust interest charges for many loan holders.
The amendment addresses difficulties faced by borrowers, particularly in light of significant court rejections—reportedly, about half of the applications were dismissed for failing to meet protection criteria. The new policy intends to facilitate the enforcement of a recent Supreme Court ruling, ensuring broader application of its decisions. Government officials, including Pierrakakis, have described the amendment as a necessary response to social pressures and a step towards a more equitable financial environment for those affected by “red loans.”
The legislative move follows calls from various political parties for more comprehensive protections for borrowers, with opposition groups emphasizing the need for safeguards against excessive debt burdens. As the vote approaches, discussions in Parliament are anticipated to delve into both the specifics of the reform and its impact on the broader economic landscape.
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26 June
Νόμος Κατσέλη: Με μειωμένο τόκο οι επόμενες δόσεις- Πώς θα υπολογιστούν οι καταβολές που έχουν γίνει
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