In response to PASOK’s position on the Bill of the Ministry of Development which is due to go to public consultation in May, Minister of Development Takis Theodoricakos said:
“Consumer loans, repair loans and cards up to €100,000 without collateral are certainly an issue that concerns many thousands of our fellow citizens and many households.
The government, the Ministry of Development, implementing European directives, but also going several steps further, has prepared the relevant legislative initiative. Among other things, we are legislating that there will be a cap, a ceiling between 30% and 50% of the initial loan principal, so that people who have taken out the loan are not put under even more pressure and disproportionately. The range of the cap in this arrangement is not prescribed by European directives, but is a decision of our government.
Obviously, all of this has also annoyed the leadership of the PASOK opposition, which is lying about this bill, because it wants to build a narrative that New Democracy is supposedly the party of the few, of the rich, while the Greeks know that with actions in this area as well we prove that we care for all citizens.
So let PASOK stop lying and when the time comes in Parliament to pass the consumer protection bill together with New Democracy.”
