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Oikonomia

The Greek government will likely relax restrictions on short-term lending in 2014 in order to boost the economy. According to reports, the government plans to end the cap on interest rates for short-term loans that was put in place during the financial crisis. This is meant to encourage lending and help households and businesses with short-term credit needs. However, critics argue that easing restrictions on short-term lending could negatively impact consumers who may take on expensive loans. The government aims to balance boosting lending while still protecting vulnerable consumers.

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29 views1 page

Oikonomia

The Greek government will likely relax restrictions on short-term lending in 2014 in order to boost the economy. According to reports, the government plans to end the cap on interest rates for short-term loans that was put in place during the financial crisis. This is meant to encourage lending and help households and businesses with short-term credit needs. However, critics argue that easing restrictions on short-term lending could negatively impact consumers who may take on expensive loans. The government aims to balance boosting lending while still protecting vulnerable consumers.

Uploaded by

nikos datas
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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