Prime Minister Kyriakos Mitsotakis highlighted the new regulation for borrowers covered by the Katseli Law as one of the government’s most significant social policy interventions during his meeting with President of the Republic Konstantinos Tasoulas, just hours before the relevant bill was due to be voted on in Parliament.

Mr Mitsotakis said the government had exceeded expectations and was sending a message of security to all responsible borrowers. He stressed that the intervention resolves an outstanding issue from the past with fairness and respect for those who made every effort to remain up to date with their obligations.

The Prime Minister presented the initiative as further evidence that improvements in the country’s fiscal position can be translated into tangible support for citizens, noting that the government is able to use the fiscal surplus to support society, which continues to face pressure from prolonged increases in the prices of essential goods.

He pointed out that Parliament was voting on the bill containing the support measures and said the government was able to implement such initiatives with fiscal security because the economy remains on a positive trajectory.

Turning his attention to the opposition and the wider public debate over additional benefits and spending commitments, Mr Mitsotakis stressed that the government has a duty to legislate responsibly and with regard to the state of the public finances. He also urged citizens to remain cautious about unfunded commitments that exceed the capacity of the state budget.

He added that the country had paid a heavy price for such policies in the past, drawing a contrast between the government’s current fiscal approach and practices adopted in previous years.

Referring to international developments, the Prime Minister expressed satisfaction with the preliminary peace agreement concerning Iran and said he hoped there would be no further instability in the coming months.

He also struck an optimistic note on inflation, arguing that the recent increase had been linked to higher oil prices, which are now easing. According to Mr Mitsotakis, this trend is expected to gradually feed through to consumer prices in the wider market.