The Panhellenic Socialist Movement (PASOK) party has announced plans to revise Greece’s framework for protecting primary residences from foreclosure. Party official Apostolakis stated that public memory of past debt issues remains strong and trust in government announcements regarding solutions is low. PASOK intends to reintroduce an updated version of the existing home protection framework, aiming to offer greater security to borrowers. The party also plans to modify the operational guidelines governing debt management companies. This move signals a renewed focus on addressing the ongoing challenges faced by Greek homeowners struggling with debt. The proposed changes aim to restore confidence and provide more effective relief measures for vulnerable citizens. These announcements come amid continued scrutiny of debt management practices in Greece.
