FinMin says scheme for responsible borrowers is not feasible

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FinMin says scheme for responsible borrowers is...
 © In-Cyprus 2019
Finance Minister, Harris Georgiades, said on Monday that a new scheme for responsible borrowers does not appear to secure the approval of the European Commission.

The Ministry has conducted deliberations with the Commission but it does not seem to be particularly feasible or right and there was a negative indication by the Commission regarding a scheme for borrowers that can repay their loans, Georgiades told the House Committee on Financial and Budgetary Affairs.

These schemes are implemented with the taxpayers’ money, said Georgiades, and the state believes that if...


This article was automatically added to our system 10-9-2019

FinMin says scheme for responsible borrowers is not feasible


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Article Tags: finmin, scheme, responsible, borrowers, feasible,