Concerns about Taxing Excess Bank Profits
December 12, 2024
The President of the Republic, Nikos Christodoulides, described the discussion in Parliament about taxing bank excess profits as a 'dangerous approach'. He emphasized that the proposals under consideration have not yielded positive results in other EU countries and could create more problems. He also stated that banks should reduce interest rates, but the suggested ideas will not benefit society. The President stressed the need for caution regarding such approaches.