In his weekly address, the prime minister announced upcoming legislation aimed at consumer protection, including a cap on the total repayment of consumer loans at 30%–50% above the original amount. He also referred to ongoing Greece–Libya talks on maritime zones, as well as initiatives such as “My Home II,” the “Neighborhood Nannies” program, and a tender for road surveillance cameras.

The Ministry of Development’s bill introduces a ceiling on the total repayment cost of consumer loans of up to €100,000. Under the new rules, the final repayment amount cannot exceed 30% to 50% above the initial capital, bringing Greece closer to the European average. Borrowers will also have the right to withdraw from the agreement within 14 days of signing.

“An end is being put to fine print and irregular practices,” the prime minister said, adding that the new framework “creates a clearer and fairer environment for everyone.”

Greece–Libya Talks on Maritime Zones Progress

Mitsotakis also referred to developments in relations with Libya.

Following a recent visit by the foreign minister to Tripoli, both sides agreed to move forward with technical committee discussions on the delimitation of the continental shelf and Exclusive Economic Zone (EEZ). The next round is also scheduled to take place in Tripoli, while cooperation on migration was also agreed.

“Greece remains one of the few countries maintaining high-level diplomatic relations with both sides in Libya,” Mitsotakis noted.

“My Home II”: Deadline Set for June 2

The prime minister highlighted progress on the “My Home II” housing program, with June 2 set as the deadline for loan agreements.

So far, 13,461 loans have been approved, totaling €1.617 billion, with an average loan size of €120,150. Budget absorption has reached 84.1%.

Including around 9,000 homes from the previous “My Home I” program, approximately 22,500 households have benefited. Mitsotakis noted that this figure is comparable to the population of cities such as Pyrgos, Corfu, or Kilkis. Demand is strongest outside major urban centers, with beneficiaries reporting an average income of €20,800.

The Ministry of Finance has urged banks to accelerate procedures so that as many applicants as possible can be included before the deadline.

“Neighborhood Nannies” Program Expands

The “Neighborhood Nannies” initiative is moving from pilot phase to full implementation.

The program covers infants and toddlers aged 2 months to 2.5 years, offering subsidies of €500 per month for full-time working parents and €300 for part-time workers, students, or the unemployed.

Grandparents can also participate as caregivers without any deductions from their pensions. “This is something I consider particularly important,” Mitsotakis said, emphasizing that family members can receive the subsidy without affecting their pension.

Income thresholds are set at €24,000 for the first child and €27,000 for the second, while they are entirely abolished for families with three or more children.

Tender for 1,000 Road Cameras

A διεθνής διαγωνισμός has been launched for the installation of 1,000 fixed cameras across selected points of the road network.

The cameras will be directly linked to the police, with violations processed through a new digital system.

According to the prime minister, measures already implemented — including a new highway code, stricter enforcement, and initial camera installations — have contributed to a reduction in fatal road accidents during the first four months of 2026.

“Our goal is for Greece to stop being a negative exception in Europe when it comes to road safety,” he said.