The Ministry of Development has announced a definitive end to fine print, hidden charges, and abusive banking practices. During his speech in Parliament’s plenary session—held as lawmakers debated and voted on the new bill—Minister of Development Takis Theodorikakos emphasized that the government is taking another substantive step to protect citizens and society at large.
Clearer Loan Agreements, Stronger Consumer Rights
“This bill offers self-evident solutions to issues directly affecting citizens,” said Theodorikakos. “It ensures people fully understand the loan agreements they sign and the obligations they assume. It puts an end to fine print and clearly defines borrowers’ rights.”
He stressed that the legislation forms part of the Ministry of Development’s broader strategy to build a fairer market—one grounded in healthy competition, strict adherence to the rule of law, and full transparency. It also addresses a key concern for citizens: improving living standards.
A Broader Economic Vision
The minister added that tackling the cost of living requires more than regulatory reform. “Any meaningful policy response must begin—and above all—with boosting citizens’ disposable income, enhancing Greece’s economic productivity, securing better wages for all Greeks, and reducing taxation,” he noted—highlighting these as central pillars of the government’s ongoing economic agenda.
Theodorikakos also urged political restraint, calling for calm, patience, and rational debate—rather than what he described as toxic, divisive, and fanatical rhetoric—particularly in light of Greece’s extended pre-election period, expected to conclude in late spring 2027, as previously confirmed by the Prime Minister.