Greece’s Finance Minister has announced an immediate reduction in loan installments for approximately 100,000 borrowers, alongside retroactive restitution measures. The announcement follows a recent court decision regarding the Katseli Law, a consumer debt framework. The minister indicated the government is responding to economic pressures faced by indebted citizens. However, a PASOK party representative accused the government of belatedly adopting proposals originally put forth by their movement. The representative characterized the move as a reaction to the court’s ruling rather than proactive policy. This criticism suggests political maneuvering surrounding the debt relief measures. The retroactive component aims to address past grievances related to the application of the Katseli Law.
