News World Greece's PM: It's the state's obligation to safeguard vulnerable groups' homes

Greece’s PM: It’s the state’s obligation to safeguard vulnerable groups’ homes

Prime Minister Kyriakos Mitsotakis referred to the possibility of a favourable debt settlement programme for really weak debtors and to the protection of the first residence for vulnerable groups, in his opening speech at a cabinet meeting on Monday.

“The debt settlement and second chance code is a single code that finally closes the wounds of the last decades of economic and social reality. It sets a realistic, fair and socially sensitive framework for the first residence and paves the way on how the debts to the state, the funds and the banks, which amount €234 billion, will be settled. This is the figure of the private debt today in Greece”, he said.

He also underlined that times are crucial, but we will not suspend our overall reform plan, so in parallel with the initiatives we assume for the national issues and for the pandemic, we will proceed with our legislative work.

On the matter of first residence, he said that at the final phase of bankruptcy, vulnerable households will have the state by their side.

They will not lose their home, but it will be transferred to a real estate management body which will lease the specific house to them for 12 years.

The state will subsidise the rent, but the borrower will be able to buy it back.

“It is the state’s self evident obligation to safeguard vulnerable groups’ homes”, he underlined.

“A modern comprehensive and effective framework is needed and the same exists for the non-performing loans that confine the banks and do not allow them to finance the real economy with liquidity.

The economy needs to walk on stable ground and get rid of the real ‘zombie-enterprises’, and to activate productive forces that remain trapped in debts.

The prime minister said that society needs justice.

The strategic bad-payers should stop living as parasites at the expense of the many, and the most vulnerable ones to find a way to continue their lives without any other burdensome obligations, he added.

(amna.gr)

Top Stories

Yellow warning about thunderstorms as of tonight

The meteorological service issued yellow warning about isolated thunderstorms. The warning is valid as of 20:00 on Friday evening until 16:00 on Saturday. According to the...

EU needs to take decisions that will lead to real de-escalation by Turkey

The delayed moves which Turkey made some days ago to purportedly achieve de-escalation are not convincing, Greek Foreign Minister Nikos Dendias said on Friday, noting...

Clarifications about COVID-19 cases in Central Prisons.

In reply to reports about confirmed cases of COVID-19 among the staff and the inmates of the Central Prisons, the Department of Prisons issued...

Expert concerned about percentage of positive COVID-19 cases

The percentage of positive Covid-19 cases out of thousands of tests carried out in Cyprus on a daily basis is a source of concern...

Cyprus Shipping Chamber joins forces with global business network MACN

The Cyprus Shipping Chamber and the Maritime Anti-Corruption Network (MACN), signed recently a Memorandum of Cooperation (MoC),  with the aim to collaborate on the...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...