Pierarakakis Transformed Extrajudicial System into Home Protection Tool

4 sourcesFirst reported 27 days agoUpdated 27 days ago

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Minister of National Economy Kyriakos Pierarakakis announced new measures for private debt.
The regulation impacts over 100,000 borrowers under the Katseli Law.
Aimed at providing clarity to the legal framework, avoiding uncertainties from recent court decisions.
Monthly payments for compliant borrowers can significantly decrease, reducing interest costs.
The intervention's total cost is estimated at 700 million euros, partly covering retroactive payments.

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