23/10/2013 12:27
Economist and member of the National Economy Council Marios Zachariades proposes the protection of borrowers against unilateral loan interest rates hikes as opposed to putting a cap on loan interest rates.
In statements to CNA, Zachariades, who clarifies that the positions he expresses are personal, notes that what he refers to is balancing the market rather than intervening.
He points out that a possible legislative intervention, which would impose a cap on loan interest rates could create “great problems”.
In statements to CNA, Zachariades, who clarifies that the positions he expresses are personal, notes that what he refers to is balancing the market rather than intervening.
He points out that a possible legislative intervention, which would impose a cap on loan interest rates could create “great problems”.
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