EconomyStaikouras: In an advanced stage of the extrajudicial mechanism,...

Staikouras: In an advanced stage of the extrajudicial mechanism, loans of more than 20 billion euros

-

- Advertisement -

In their statements, Christos Staikouras and Marialena Athanasopoulou mentioned the implementation of the extrajudicial debt settlement mechanism.

- Advertisement -

Specifically, as Christos Staikouras has announced, loans for more than 20,000 million euros are in advanced stages of the mechanism, of which more than 3,000 million euros have been definitively presented, corresponding to some 6,500 final applications from debtors. In recent weeks, the rate of completion of applications and their final submission has been increasing.

What did Staikouras say about debt settlement?

- Advertisement -

“Through the extrajudicial debt settlement mechanism, which was activated a year ago, new rules are established in the settlement of debts with the Bank and the State. Citizens now have the possibility to regulate all their debts with the Banks and the State and ensure a comprehensive, automated, sustainable and realistic solution.

- Advertisement -

In addition, it is possible to carry out bilateral agreements with the State, in the event that the debtor does not maintain a debt with financial entities. The existence of this institutional framework provides a solid foundation, but the solution to the problem requires its immediate and effective implementation. The truth is that the mechanism, a pioneer at the level of the European Union, showed several difficulties in its implementation.

For example, in the collection of data, in the operation of the platform itself, in the process of final presentation of the application, in the speed of evaluation of these by creditors. Today, the situation is much better, the interest of the debtors is increasing and the final presentations show a greater momentum”, said the minister.

“Based on the intense efforts – by all participants – in recent weeks, more than 200 requests are completed per week, with a total average of more than 200 million euros per week owed. To date, 425 requests have been successful. , including 288 from banks and loan administrators and 137 from the State. In these agreements, debt forgiveness of up to 33% has been carried out, while the average duration of the agreements is up to 253 months,” the minister pointed out. .

“However, despite the efforts, 1,200 completed debt settlement requests remain pending with financial institutions, corresponding to more than 1,000 million euros of debt, and we hope they will be completed shortly. In addition, funding agencies approve a relatively small volume of regulatory requests, significantly unevenly among themselves. We see an average approval rate of 46%, which is of concern given that the algorithm, and therefore the settings it automatically produces, was the result of a consultation between the state and creditors, based on the best international standards.” , said Mr. Staikouras also pointed out that: “At the same time, debtors also reject a large percentage of debt settlement proposals, while also showing a delay in the finalization processes of their applications. Therefore, at Despite the real progress that has been made in the last period of time, there is significant room for improvement, mainly on the part of financial entities”

state initiatives

The minister announced that the State is carrying out continuous actions to improve the services offered by the extrajudicial mechanism. “Banks and credit administrators must join the state, fully aware of the new challenges that are presented to all of us. We believe that in the next period of time they will show due responsibility.

We believe that the full implementation of the law could provide a sustainable solution to more than 3,000 borrowers in the next 2-3 months, that is, to settle debts of more than 1,500 million euros. This will be decided -exclusively- by the creditors. Those who must realize that the successful implementation of the mechanism will benefit everyone, the citizens and the State, society and the economy”, said the minister.

At the beginning of the presentation, the minister, on behalf of the Government and the entire Greek society, thanked the firefighters, the Civil Protection officers, the volunteers, the EL.AS officers. and of the entire state apparatus that has been on the front line of the fight against the flames since yesterday, in particularly adverse weather conditions, and is doing everything possible to limit the fire fronts in Attica and other areas of the country. He also expressed my sorrow for the tragic loss of a human being.

source: iefi merida

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Sponsored-spot_img

Latest news

This is the trick to avoid paying tolls on the National and Attiki Highways

Toll denial incidents are on the rise, with "jumpers" inventing more and more ways to get past the bars...air....

Aliki Vougiouklakis and Dimitris Papamichael in their first appearance as engaged

Aliki Vougiouklakis and Dimitris Papamichail remained in the world consciousness as two great actors and a beloved couple. The two...

Dorothea Merkouri in her kitchen in her underwear – The 90s black and white click

A photo from the 1990s was posted on Instagram by Dorothea Merkouri, where she poses in her kitchen in...

Facebook: Top MEPs formally invite Hogen to hearing

MEP heads of two European Parliament committees officially invite Frances Hogen to a hearing on November 8, following complaints...
- Advertisement -spot_img

In October 2022, WhatsApp will be permanently disabled on many older smartphones

iPhone owners running iOS 10 and 11 will not be able to use WhatsApp Messenger from October 24, 2022....

Research: Loneliness is associated with twice the risk of developing diabetes

Feelings of loneliness are associated with a significantly increased risk, about twice as high, of developing type 2 diabetes,...

Must read

The shocking car accident that froze Italy – I was filming at 300 km/h

One dead and two seriously injured were the tragic...

You might also likeRELATED NEWS
Recommended to you