The debt discharge law is the right path to be followed to help as many borrowers in financial difficulty as possible, given that so far in Romania there is no other law to support them, and banks have been reluctant to come up with concrete solutions to their problems. This was mentioned in a letter sent to EU Commissioners Jonathan Hill and Pierre Moscovici by the experts of the Financial Services User Group (FSUG) backed up by four organizations representing the interests of financial services consumers and users in Europe, AURSF from Romania, BETTER FINANCE, BEUC and COFACE.
The letter is responding to what the two EU commissioners sent to the Romanian Minister of Finance, Anca Dragu, in which they expressed concern about the negative effects that the debt discharge law would have on the Romanian economy.
Please read the full article from the Act Media Romania in English here.