What's new

[Cyprus Times] "Bill without logic. Don't shoot yourself in the foot," says MoF on suspension of divestments

Constantinos Petrides, in a statement in Parliament on Wednesday, regarding the suspension of divestments, as through this the only ones rewarded are the strategic defaulters, he said.[/P]

Commenting on the letter sent to the Attorney General for a referral of the law on the suspension of divestments, Finance Minister Constantinos Petrides said that on Tuesday, on behalf of KEDIPES, it was presented how much money the taxpayer will lose with the adoption of this bill.

He added that "it is a bill without logic, whose only beneficiaries are the strategic defaulters or those who have property and income but refuse to fulfill their obligations." He stressed that there have been no divestments of vulnerable people's first homes.

"It is truly grotesque and cannot be understood by anyone in the EU how the vast majority of farms or commercial properties come under this legislation, regardless of income, regardless of value, regardless of ability to repay," he said. These things, he added, "in the EU they cannot understand. They believe that all they are rewarding is those who conscientiously refuse to pay their obligations. If they don't pay them, someone else will pay them."

He went on to say that the depositor and the taxpayer paid them in 2013, noting that "these things are dangerous."

The Minister said that it is one thing to have a suspension for some specific purposes, as was done during the pandemic, based on the recommendations of the EU itself, for 3-4 months, and it is another thing in a period of growth of 6.6%, "in a period when we see that deposits are much higher than in 2019, in a period when there is an ability to repay the debt, to continue for the 15th month a situation that tends to be legalized."



"And it is for this reason that we have made the referral, appealing now to reason. These are very, very important issues. We have made a lot of progress in the economy, there is a crisis, we are trying to meet the challenges. Let's not shoot ourselves for reasons of populism in an election period, let's not shoot ourselves," he concluded."

Source: CNA


Contents of this article including associated images are belongs Cyprus Times
Views & opinions expressed are those of the author and/or Cyprus Times

Source
 
Back
Top