Pierrakakis: Within October the vote for the 120 installments and the servicers

“For the servicers, we had announced some time ago that we would do it. It is a technically difficult process. It had to change, we read the field, we discussed it with people,” the minister said, explaining that the goal is to add one more tool at the disposal of citizens.

Pierrakakis: Within October the vote for the 120 installments and the servicers
Ο υπουργός Εθνικής Οικονομίας και Οικονομικών και πρόεδρος του Eurogroup, Κυριάκος Πιερρακάκης

This article is an AI translation of an original piece published in Greek. Read original

Referring to the measures announced by the government to address the effects of the energy crisis, as well as to the interventions for servicers and the 120 installments, the Minister of National Economy and Finance, Kyriakos Pierrakakis, spoke on the ERTnews program “Connections”.

Referring to the changes being promoted for servicers, Mr. Pierrakakis noted that this is an intervention that had been announced in advance, but required significant technical preparation. “For the servicers, we had announced some time ago that we would do it. It is a technically difficult process. It had to change, we read the field, we discussed it with people,” he said, explaining that the goal is to add one more tool at the disposal of citizens.

“We came to add one more tool, which is linked to the difficulties people are facing,” the minister added, referring to the financial pressures that households and businesses continue to face.

The measures for the energy crisis

On the side of interventions for the energy crisis, Mr. Pierrakakis referred to the increase in support for diesel, while also pointing out the total amount of extraordinary measures that have been taken.

“The prime minister announced an increase in diesel,” he noted characteristically, adding that “1 billion has been provided in total in extraordinary measures for the energy crisis together with the 2.2 billion of the TIF.”

At the same time, the minister also referred to the framework for monitoring the operation of servicers, noting that the relevant checks will be carried out by the state's audit mechanisms, the Bank of Greece and the Ministry of National Economy and Finance.

By the end of October the framework for servicers in Parliament

As regards the timetable of the legislative interventions, Kyriakos Pierrakakis said that the relevant framework for servicers is expected to be submitted to Parliament by the end of October.

“By the end of October the framework for servicers will come to Parliament, the law will be implemented immediately,” he stressed, while on the issue of the 120 installments he noted that “we would like the law for the 120 installments to be voted on within October.”

The minister outlined the government's approach regarding the role of the state toward citizens facing financial difficulties. “The job of the state is not to wag its finger but to lend a hand,” Kyriakos Pierrakakis said characteristically.

 

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