DISY seeks assistance for market victims

DISY has drafted a proposal to support investors who borrowed money and lost it on the stock market.

DISY deputy Prodromos Prodromou said after a meeting of the Finance Committee yesterday that his party wanted to involve the government as well as banks in efforts to help the borrowers in question pay off their debts.

“We are putting the final touches to a proposal which aims to relieve those who have borrowed to invest and suffered losses,” Prodromou said without elaborating.

Finance Ministry general director Andis Tryfonides said yesterday he had already discussed the matter with DISY’s parliamentary spokesman Demetris Syllouris.

Tryfonides promised that the government would study the proposal.

“There is a serious discussion going on among deputies and parties on how to help all these people who borrowed money which they lost on the stock market,” he said.

But AKEL yesterday expressed fears that DISY’s proposal might divide citizens in two categories.

“I believe that this proposal is complicated and needs to be handled with a lot of care so that it does not give the impression that we want to class citizens as investors and non-investors,” AKEL deputy George Lillikas said.

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