His suggestions SYRIZA-Progressive Alliance for its management private debt and her issue roofwill be presented by the president of the party’s Parliamentary Group, Nikos Pappas, at the meeting he will have at noon in Thessaloniki with representatives of the productive bodies, as part of his visit to the 88th TIF.

According to SYRIZA-PS sources, Mr. Pappas is expected to invite progressive forces to cooperate in supporting households, small and medium-sized businesses, laying the foundations of progressive programmatic (and later, electoral) cooperation.

For private debt

Regarding private debt, he will present data showing that total private debt (of households and businesses) has increased by more than 10% since 2019 and will make the following proposals:

1. For the out-of-court debt settlement mechanism

Establishment of mandatory acceptance of the arrangement by servicers and funds as a minimum for vulnerable debtors.

2. Protection of vulnerable borrowers

Increase of the income criteria, calculating reasonable living expenses as determined by the official indicators of the Hellenic Statistical Authority (ELSTAT), increased at least by a percentage of at least 50%.

3. Protection of first home

Defining criteria for the possibility of gradual debt cancellation, at least for borrowers who have fallen into a long period of vulnerability, without this automatically implying the liquidation of their main residence.

4. Bankruptcy law

Repeal of law 4738/2020 and its replacement by the new bankruptcy law which will prioritize the option of debt restructuring over liquidation which is the current option. Possibility also for natural persons without bankruptcy capacity to be automatically exempted after three years have passed from the point of time defined as the starting point by the declaration of bankruptcy

5. Herakles Guarantee scheme law

Changes to Law 4649/2019 in the direction of the transparency and accountability of the Ministry of Finance, the Ministry of Finance, the Ministry of Finance, the Ministry of Finance, the Ministry of Finance, the Parliamentary Audit, the determination of regular re-evaluations of the business plans of securitizations and the recording of the culpability of any deviations, the rearrangement of the bond servicing waterfall in case of significant deviations management responsibility.

For the Roof

On the issue of Housing, he will mention that rents have increased by 50% in the last five years. That in 2023, one in two Greeks had overdue debts on their housing costs (mortgage or rent, utility bills or rent), when the corresponding EU average is 9.2%. That Greece belongs to the last level of the E.U. in the housing policy, spending only 0.3% of its GDP on housing (half of the European average) and due to the inability of the extrajudicial to solve the issue, property auctions follow with the main loss being the first residence.

The programmatic commitments of SYRIZA-PS include, among others:

  • The creation of a Deputy Ministry of Housing Policy.
  • The reconstitution of the OEK.
  • The prevention of auctions and the protection of the first residence
  • The increase in the rent subsidy
  • Programs for the creation of public social housing.
  • Eliminate homelessness.
  • Covering the housing needs of students & civil servants in stressed areas.