The coordinating committee of the Full Assembly of the Presidents of the Bar Associations of Greece has issued a preliminary positive assessment of an amendment concerning interest rates on non-performing loans (NPLs). However, the committee is urging the Ministry of Justice to refine certain provisions within the amendment. The lawyers believe the amendment is a step in the right direction but requires adjustments to fully address concerns regarding fairness and borrower protection. Specifically, they are requesting improvements to ensure the legislation effectively tackles the issue of accrued interest on red loans. The call for refinement suggests ongoing dialogue between the legal profession and the government regarding debt management policies. The bar associations aim to contribute to a more equitable and functional framework for handling NPLs in Greece. This development indicates a potential shift in approach to managing the legacy of the Greek debt crisis.
