The Bank of Greece predicts that this year the consumer price index will close on average at 3.8%. [INTIME NEWS]
The elections seem to trigger sensitivities the closer they get, a bit like allergies with the arrival of spring.
The matter of the Katseli Law for overly indebted households is a good case in point: The first court decision on the controversial question of how interest is calculated was issued in 2024 by the Ioannina Magistrates’ Court. As long as there were no elections on the horizon, there was no desire on the government’s part to delve into the issue. When the Supreme Court’s borrower-friendly decision was announced, the first reaction was negative.
Athens is not doing what is needed to introduce reductions that will pass on to final prices
Then, wiser minds invoked public opinion polls, and the authorities were convinced to legislate the Supreme Court’s decision as it stands, to the benefit of 100,000 borrowers with loans in forbearance.
