PM Mitsotakis: Provision that will expand beneficial regulations for bad loans coming soon

Prime Minister Kyriakos Mitsotakis in his Sunday review posted on the social media thanked outgoing Katerina Sakellaropoulou for her excellent tenure as first woman President of the Republic.
Referring to the government actions of the week, he started with the National Electronic Health Record, emphasizing how this is a key change in the daily lives of citizens.
The Prime Minister also said that another leading foreign public university, the British University of York, is interested in creating branches in Greece: "York, which is ranked 146th in the world in 2025, has been distinguished for the quality of research and teaching by official British bodies.

 On the economy and Greece's upgrade by Moody's, he noted that it is another vote of confidence: "It is the fifth and last of the agencies recognized by the ECB to upgrade us to investment grade, recognising the progress of recent years, which is based on a responsible fiscal strategy."
Referring to the bad loans he said "Thanks to the reforms we made in December 2023 to the extrajudicial mechanism, the volume of settled debts has more than doubled, which, taking into account those made in February, has reached a total of 10.54 billion euros from 4.36 billion at the end of 2023. The extrajudicial mechanism, in addition to being an effective tool for managing private debt, is a typical example of the implementation of real social policy and we will further strengthen the institution with a provision that will soon be submitted to Parliament and that will expand the beneficial arrangements to our fellow citizens from the middle class, so more debtors will have the opportunity to settle their debts."

Regarding the inflation, Mitsotakis pointed out: "According to ELSTAT, in February the general index fell to 2.5% from 2.7% in January this year and 2.9% in February 2024. Food inflation stood at 0.2% - one of the lowest in a long time due to the large decline in olive oil prices. However, there have also been notable price increases in products and services, mainly due to energy costs. The competent audit services are not complacent, they continue their sweeping audits, imposing recommendations and fines for unjustified increases."

The Prime Minister also referred to the reduction in unemployment and the increase of employment: "Based on the latest Eurostat data, Greece recorded the largest employment increase in the EU between the 3rd and 4th quarters of 2024 among people aged 20-64. Together with the decline in unemployment to its lowest levels in 17 years, this news is, of course, a positive development, but it does not allow for complacency. This is why we insist on active employment policies to support unemployed people who face obstacles to integration and reintegration into the labour market, such as those aged 55+.

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