PASOK: The government excludes the majority from the 120 installments

Kostas Tsoukalas accuses the government of limiting the new 120-installment arrangement and calls for broader implementation with a write-off of interest and surcharges. He states that PASOK will immediately submit its own proposal for private debt.

PASOK: The government excludes the majority from the 120 installments

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

“The Prime Minister, belatedly and after pressure from PASOK, announced 120 installments, but this too is for a few. Nikos Androulakis proposed 120 installments with a write-off of interest and surcharges for all debtors and for all debts, whenever they were certified or incurred,” points out Kostas Tsoukalas in his statement.

“The government is introducing 120 installments without cancellation of interest and surcharges for debts incurred up to 2024 and excludes those who have an active arrangement, except for those who joined the recent 72 installments.

It even provides for an interest rate of 5.84%, while both in the out-of-court mechanism and in the previous 120 installments of 2019 the interest rate was 3%.

Why is the government excluding the majority from the measure it announced? Why is it turning a deaf ear to the market? Households and businesses are asking to get some relief from the burden of debts and multiple arrangements.

The government is handling the major issue of private debt hastily in terms of a few days of communication management. It does not want to provide a solution, it simply wants to deceive.

Society wants to get some relief. PASOK will immediately submit its own proposal that effectively responds to the needs of society. And then the Prime Minister will have to explain his political choices.”

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