Statement on private debt rules
Kostas Tsoukalas stated that PASOK intends to end speculative practices centered on property foreclosures. The party plans to incorporate measures on private debt into a bill presented within the first 100 days of any future government.
Context of the announcement
The comments focus on links between investment funds, debt servicers and real estate companies known as Reoco entities. These relationships are described as triangular arrangements that allow profit from distressed properties through auctions.
Next steps indicated
No further details on the exact content of the proposed legislation were provided in the statement. The pledge forms part of PASOK's broader platform on private debt management.
