Lending in Greece has assumed alarming dimensions, as more than 250,000 households owe more than 100 billion euros in loans and credit cards. The high inflation rate blamed on the adverse world economic circumstances and its implications on the households has gravely spooked the Government. The Poverty Fund, which aspires to support some two million citizens bordering on poverty, will be launched in the days to come. As per information, households earning really low income will reap the benefits of the Poverty Fund.
In the meantime, the Ministry of Health is to announce a package of measures aiming at relieving the households weighed down by their debts to banks. The Ministry is planning to establish specialized agencies with a view to supporting households. These measures will be built upon those already implemented in other European nations.
27.03.2008
