The bill and the video

PASOK-KINAL's parliamentary group filed a bill on private debt, and party leader Nikos Androulakis explained it in a Q&A video posted to TikTok on 16 October 2026. The party's press release accompanying the video says the bill would restore effective protection of the primary residence, introduce real 120-installment arrangements for everyone, and end what it calls the unchecked conduct of funds.

What the bill would change

Asked whether his first home is still at risk, Androulakis answered that the party would restore effective protection for the primary residence. For debtors owing the tax office and social security funds, he said up to 120 installments would be available to all. Borrowers who keep up with payments would be rewarded: 30% of the debt would be frozen interest-free and written off once the arrangement is completed.

Loans sold to funds

On loans that may be sold to a fund, Androulakis said the borrower would get the right to buy the loan before it is sold. If a fund refused to agree a settlement, it could not simply say no and would have to justify the refusal and make a counter-proposal. Breaches of the rules would bring substantial penalties, he said.

Swiss franc loans

For borrowers with loans denominated in Swiss francs, Androulakis argued it was unfair for them alone to bear the full cost of the exchange rate change. The bill would split the currency risk two-thirds to the bank and one-third to the borrower, according to his answer in the video.

The closing message

In a one-sentence summary, Androulakis said: "We set rules and provide real solutions for a country that fits our dignity, not their unchecked conduct. A country that fits us all." The video was reported by several Greek outlets on the same morning.