Yes, that’s true and that’s what’s making the situation difficult for the Greek government and for the Greek people in general. But, on the other hand, if there’s no reform, there’s no growth. So the reforms are vital – the sooner, the better. That’s why I am glad that we are now very close to an agreement.
Such susceptibility could also arise from unforeseen shocks or emergencies that make repayment difficult. By providing sound advice to arrest the deterioration of incomes and restructure their debt, credit counselling offers a meaningful solution for borrowers to gradually overcome their debt burden and improve their money management skills.