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Politics

Iliopoulos: ND Plan to Pass Bankruptcy Code “Under the Radar” Was Stymied

October 26, 2020

ATHENS — "Νew Democracy's basic plan to pass the bankruptcy code 'in secret' was cancelled, with [main opposition] SYRIZA-Progressive Alliance's motion of censure against Finance Minsiter Christos Staikouras," stated SYRIZA spokesperson Nassos Iliopoulos said on Thema radio on Monday.

The three-day parliamentary debate showed that ND is completely isolated in parliament, as it is the only political force supporting the draft law, he added.

Iliopoulos said that the government's proposed bankruptcy law "was something that even the International Monetary Fund (IMF), during the darkest days of 2012-2014, has been too ashamed to suggest," noting that this law effectively scrapped any and all protection for primary residence. "At a time like this, in the midst of the pandemic, this bankruptcy code will throw people out onto the streets," Iliopoulos said.

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