“We have 14,000 borrowers who have applied for the program; the arrangement is in effect, and an extension will be granted under the current bill,” Kyriakos Pierrakakis said in an interview with Parapolitika. He thus confirms the morning report by Euro2day.gr.
“The regulation will not change. We have been discussing this issue for many years; there is a haircut, and a treatment based on income level. The regulation was correct, and more time will be granted, until September 30.”
He also stated:
Hybrid Cars:
“The bill includes provisions for plug-in electric vehicles, in line with common sense,” he also noted. “We will extend the 50–75% tiered tax credit for hybrids for another 6 months, and this also applies to vehicles purchased in the last 6 months that have not yet been registered, so as to avoid any surprises. Starting January 1, 2027, a 50% tax credit will apply to plug-in vehicles.”
Regarding private debt:
Systemically, it is lower than the European average; we are at 94.5% of GDP, while in Europe it is at 121%, but the ministry and the government cannot ignore the issue. Thousands of people are affected. We are providing people with the appropriate tools so that, on the one hand, the culture that now generates primary surpluses does not change, but on the other hand, we need to “get people out of the water.” We need a middle ground—a state that lends a helping hand rather than pointing fingers. People are embracing the Swiss franc regulation and the out-of-court mechanism, as they were designed based on people’s needs.
Regarding the Real Estate Re-leasing Agency:
I have served as a minister in ministries that acted within 24 hours, but there are other matters that involve different procedures. We are in the final stage of implementation; the final bids were submitted on May 29, and the evaluation process has begun. The agency is a tool for protecting primary residences; it allows tenants to stay for 12 years, with a government rent subsidy and the option for the tenant to repurchase the property. The Agency will begin operations in the fall, and in the meantime, no one has been left unprotected. At the same time, the out-of-court mechanism serves as a tool for protecting primary residences.
Regarding the Katseli Law:
“The opposition acted hastily; it is a complex decision. Officials at the Ministry of Finance are studying the decision in depth; the opposition likely hasn’t even read it. The Supreme Court’s decision will be implemented; the discussion is about how to implement it. We are currently studying the decision, and there are many different scenarios. We will find the best way to implement it.”