In the wake of his widely attended youth rally in Drapetsona, PASOK leader Nikos Androulakis continues his policy-focused outreach—turning attention today (8 July 2026) to small and medium-sized enterprise (SME) owners, and tomorrow, Thursday, to pensioners.
Seven Proposals for SME Revival
Speaking at an event tonight on Charilaou Trikoupi Street, Androulakis will present seven policy proposals aimed at laying the groundwork for a genuine revival of Greece’s SME sector—the backbone of the national economy, as PASOK describes it.
1. A Real Second Chance for Sustainable Businesses
PASOK proposes a new 120-installment debt settlement scheme for all dues owed to the state and social security funds—targeting businesses that remain viable, continue production, employ workers, and wish to invest. The plan includes generous write-offs of penalties and interest for those who fully comply with the repayment schedule.
The party sharply criticizes New Democracy’s current 72-installment plan as insufficient, calling it “a mockery” that fails to deliver real relief. PASOK is also re-submitting its comprehensive private debt resolution framework, which includes:
- Immediate reinstatement of first-home protection, aligned with the standards of Law 3869/2010—enacted under PASOK’s previous government;
- Granting borrowers the right of first refusal to purchase their own loan under defined conditions;
- Making it mandatory for creditors to submit restructuring proposals within the out-of-court mediation process—ending opaque, behind-the-scenes negotiations;
- Introducing strict penalties for investment funds and loan servicers that violate the law or ignore borrower requests.
2. Establishing an Untouchable Business Bank Account
PASOK stresses that no business should be locked out of its own working capital—unable to pay staff, suppliers, or utility bills. To address this, the party reaffirms its commitment to legally enshrine an untouchable professional bank account. This proposal was previously introduced as a parliamentary amendment but rejected by New Democracy.
3. Opening Up Finance to the Many
The party argues that access to credit must not depend solely on whether a business is already a major client of a systemic bank. Instead, PASOK insists on building a robust Development Bank Group—including an upgraded Hellenic Development Bank dedicated to steady, long-term financing for SMEs, and a National Wealth Fund to back large-scale strategic investments across Greece.
“The government remembered—far too late—to transfer €2 billion to the Development Bank,” PASOK notes, adding that the move came only under pressure from Recovery Fund deadlines. “We propose something fundamentally different: a Development Bank that isn’t just a parking lot for European funds—but a permanent institution anchoring Greece’s development policy.”