There are times when a legislative initiative is not just another government intervention,<\/b> but a substantial change <\/b>that affects the lives of thousands of people. <\/p>\n
The regulation regarding loans <\/b>under the law Katseli<\/b> which is being voted on today in the Parliament <\/b>falls precisely into this category. And that is why the term \u201chistoric\u201d is no exaggeration.<\/p>\n
For the first time, a definitive end <\/b>is being put to a distortion that for years has burdened thousands of borrowers<\/b>. The interest <\/b>will no longer be calculated based on the total loan balance<\/b>, but rather on the monthly installment <\/b>set by the court<\/b>. Even more importantly, the government did not limit itself to a narrow application <\/b>of the Supreme Court\u2019s decision.<\/b> It went a step further by establishing retroactive <\/b>recognition <\/b>of the additional amounts paid in previous years.<\/p>\n
Simply put, those who were consistent in meeting their obligations<\/b> will not only see smaller installments<\/b> from now on. They will also be credited for the extra money they paid<\/b>. These amounts will be calculated as principal paid off<\/b>, reducing the outstanding loan balance and bringing the day of final repayment closer.<\/p>\n
The size of the difference is clearly illustrated in a real-life example<\/b>. A borrower with a debt of 144,500 euros <\/b>and a repayment term of 300 months <\/b>had been paying 731 euros per month<\/b> until now. Under the new arrangement, the monthly payment drops to 483 euros. <\/b>What is most striking, however, is the total benefit. Under the previous terms, he would have paid approximately 74,852 euros in interest. <\/b>Under the new arrangement, the interest is limited to just 411 euros. <\/b>In other words, he saves more than 74,000 euros. This is a difference that does more than just change a number on a piece of paper. It changes family planning,<\/b> provides breathing room, and offers hope.<\/p>\n
At the same time, the opposition <\/b>is in a state of complete confusion<\/b>. For weeks, it had been warning that the government was allegedly looking for ways to circumvent <\/b>the Supreme Court\u2019s decision to the detriment of borrowers<\/b>. In the end, exactly the opposite<\/b> happened. The regulation not only implements the ruling but also provides additional benefits that did not directly result from it. Suddenly, those who had predicted disaster fell silent.<\/b><\/p>\n
This isn\u2019t the first time. While the government works quietly <\/b>on difficult issues related to the economy <\/b>and everyday life, the opposition often seems absorbed in its own internal struggles and its own little worlds<\/b>. Real politics, however, is judged by results, not by declarations.<\/p>\n
Today\u2019s legislation is yet another proof <\/b>that the country can combine social sensitivity, economic prudence, and effectiveness. And as long as the government continues to produce tangible results <\/b>in the economy, employment, investment, and in addressing chronic problems,<\/b> the more the conviction will grow that Greece can look to the future with greater self-confidence and optimism.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
There are times when a legislative initiative is not just another government intervention, but a substantial change that affects the …<\/p>\n","protected":false},"author":1,"featured_media":12553,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-12552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/12552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12552"}],"version-history":[{"count":0,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/12552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/media\/12553"}],"wp:attachment":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}