Government prepares compensation relief for clipped depositors

In a recent press briefing at the Presidential Palace, Government Spokesman Konstantinos Letymbiotis provided crucial updates on the impending compensation for clipped depositors.

Anticipating the completion of an online application platform by year-end, Letymbiotis underscored the government's commitment to addressing the issue.

During the briefing, Letymbiotis responded to questions about a court decision related to the clipped depositor case. He made it clear that the President wasn't waiting for a court verdict to consider compensation.

The Spokesman highlighted the President's proactive approach, citing prior meetings with associations representing affected depositors and security holders.

"The President's election pledges have already been put in place," Letibiotis assured, adding that the application platform would be operational by the end of the year.

He emphasized that the government would carefully evaluate potential actions based on the state's capabilities and the data presented on the platform.

This development marks a significant step towards providing relief to those affected, demonstrating the government's commitment to addressing the concerns of clipped depositors. Stay tuned for further updates as the compensation process unfolds.

[With information sourced from CNA]