Pierrakakis on Private Debt: "A 15% Ceiling Is Imposed on the Down Payment, Fines of up to 500,000 Euros for Servicers" - iefimerida.gr
14 Articles
14 Articles
Kyriakos Pierrakakis referred to the new framework for regulating private debt. The Minister of Finance stressed that the new framework introduces “clear rules in the private debt market and real consequences when they are violated”. “For the first time, an end is put to negotiations without deadlines. We are establishing a 15% ceiling on the down payment, instead of 30%, 40% or even 50% requirements. We protect the consistent debtor. As long as…
As competent sources explain, a clear framework is being put into what has until now been a non-binding process of direct negotiation.
The new framework introduces clear rules in the private debt market and real consequences when they are violated, stated, among other things, the Minister of National Economy and Finance, Kyriakos Pierrakakis, regarding the new framework for the regulation of private debt and the operation of servicers. "For the first time, an end is put to negotiations without deadlines. We are establishing ... More www.ertnews.gr
"With the new framework, we are setting clear rules in the private debt market and real consequences when they are violated"
"With the new framework, we are setting clear rules in the private debt market and real consequences when they are violated," said Kyriakos Pierrakakis.
The new framework for debts provides for a 15% ceiling on down payments, protection for the consistent debtor and a freeze on interest after 45 days.
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
