Coalition won’t allow funds to buy bad loans

1 November 2015
138 Views

Deputy Prime Minister Yiannis Dragasakis on Saturday appeared to rule out the possibility of the government allowing banks to sell portfolios of nonperforming loans to so-called distressed-debt funds.

“We refuse to accept any notion of buying and selling loans,” he told Parliament during the debate that preceded a vote on the bank recapitalization bill on Saturday. Dragasakis said that the government is willing to accept the “restructuring of loans.”

Dealing with the rising number of loans that are not being serviced on time is one of the key unresolved issues between Greece and its lenders.

The institutions want stricter criteria to be introduced for nonperforming housing loans, with banks foreclosing on the homes of anyone who lives above the poverty line and whose property is worth more than 120,000 euros.

You may be interested

Turkish major political leader disputes sovereignty of Greek isle of Pserimos!
POLITICS
shares48 views
POLITICS
shares48 views

Turkish major political leader disputes sovereignty of Greek isle of Pserimos!

makis - Jan 18, 2018

The leader of Turkey’s major opposition People’s Republican party (CHP), Kemal Kilicdaroglou blasted Turkish President Recep Tayyip Erdogan for failing…

Uproar following allegations that primary school principal sexually harassed students!
GREECE
shares47 views
GREECE
shares47 views

Uproar following allegations that primary school principal sexually harassed students!

makis - Jan 18, 2018

The principal of the Nea Styra primary school in the island of Euboea has resigned from his position following allegations…

The 5 names for FYROM proposed by UN negotiator Nimetz
POLITICS
shares69 views
POLITICS
shares69 views

The 5 names for FYROM proposed by UN negotiator Nimetz

makis - Jan 18, 2018

Media from FYROM revealed the names put on the table by the UN special negotiator Matthew Nimetz during talks between…

Leave a Comment

Your email address will not be published.