Despite earlier government promises to resolve the issue within the first
Despite earlier government promises to resolve the issue within the first half of 2025, it appears that timeframe will not be enough to settle the complex equation surrounding Swiss franc-denominated loans in Greece.
The Ministry of Finance continues to work on a final formula, with Deputy Prime Minister Kostis Hatzidakis stating on Thursday that a solution will be implemented sometime in 2025 — though no exact timeline has been confirmed.
“As Fair a Solution as Possible”
Hatzidakis clarified that while a resolution could come earlier, he avoided offering specific dates. “It might happen sooner, but I don’t want to be overly precise,” he said, emphasizing that, “it was a firm commitment from the government dating back to my own term as Finance Minister — and we’re standing by our word.”
More than 65,000 borrowers are still awaiting relief. When co-signers and guarantors are factored in, the number of people directly impacted is estimated at around 200,000 individuals and families.
High-Stakes Decisions
A dedicated working group at the Ministry of National Economy and Finance is evaluating multiple scenarios. One of the most complex challenges lies in ensuring that any changes to these loan arrangements do not negatively impact the “Hercules”
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