
EU Finance Ministers Convene as Greece Tackles Domestic Economy
EU finance ministers are meeting in Brussels for Eurogroup and ECOFIN sessions to discuss economic impacts, including regional conflicts. Meanwhile, the Greek government is focusing on domestic economic policies, such as capping consumer loan costs, and managing internal political matters.
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Mitsotakis Caps Consumer Loan Costs and Unveils Road Safety Cameras in Weekly Policy Blitz
Prime Minister Kyriakos Mitsotakis says that Greece will introduce a legal cap on consumer loan repayment costs, limiting the total amount borrowers can be charged to between 30 and 50 percent above the original principal -bringing Greece in line with average European standards and ending what he called "fine print and irregular practices" in the lending market. The measure, to be legislated by the Ministry of Development, will apply to unsecured loans of up to €100,000. Mr. Mitsotakis also a...
By ANTHEE CARASSAVA
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By admin
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