Mitsotakis sends security message to borrowers and warns against uncosted pledges, sees inflation easing
The prime minister told the president that the new support bill and a debt‑relief amendment exceeded expectations, while urging voters to be wary of promises the budget cannot sustain.
Monthly briefing
Prime Minister Kyriakos Mitsotakis met with President of the Hellenic Republic Konstantinos Tasoulas at the Presidential Mansion at 11 a.m. on 24 June 2026 as part of their regular monthly consultations. The discussion centred on a support‑measures bill being voted on in parliament that same day, a long‑awaited revision of the Katselis law for distressed borrowers, and the broader fiscal and inflation picture.
It is the government's duty to support society, which is facing prolonged price increases on basic goods. We have the ability, from the surplus, to support society.
Overhaul of the Katselis law
The prime minister devoted considerable time to the amendment that aligns the 2010 borrower‑protection framework with a recent Supreme Court ruling. He said the government had outperformed expectations and was now offering legal certainty to households that had struggled to stay current on their loans.
The government exceeded expectations and is sending a message of security to all consistent borrowers. We are closing a pending issue from the past with justice and respect for those who tried to be consistent.
Mitsotakis stressed that the revision, drafted by the economy ministry, provides meaningful instalment reductions and draws a line under a chapter that had remained unresolved for years.
Warning on unfunded promises
Turning to fiscal discipline, the prime minister noted that the country had suffered severe consequences when previous administrations strayed from budget realism. He cautioned citizens to scrutinise electoral pledges that lack a clear funding source.
The government must legislate with public finances in mind. Citizens should be cautious and wary of uncosted commitments that exceed the budget's capabilities. The country paid a heavy price for this in the past.
The remarks, made with a veiled reference to the left‑wing opposition, came as the government touts a primary surplus that it says enables the current package without jeopardising fiscal targets.
Iran deal and inflation relief
On the international stage, Mitsotakis expressed satisfaction at the preliminary peace agreement between the United States and Iran, voicing hope that the region would avoid fresh turbulence in the months ahead. He linked the recent uptick in inflation to elevated oil prices, now receding, and predicted a gradual return to stability at the pump and in shops.
Recently, we had an increase in inflation due to rising oil prices, which have now de‑escalated. We see this de‑escalation passing through to prices. I am optimistic about a return to normality.
