Economy minister optimistic on solution for NPLs

4 November 2015
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Economy, Development and Tourism Minister Giorgos Stathakis said on Wednesday he believes a solution will be found on the issue of non-performing loans, adding that talks he held with EU Economic and Monetary Affairs Commissioner Pierre Moscovici were positive.

“A solution will be found that will create a sense of safety to citizens and will constitute a new level on which we will achieve an agreement,” he said after a working lunch with the EU official.

Stathakis reiterated the government’s position that the three important steps which must take place is to complete the program review, complete the bank recapitalization to restore economic stability in the country and to start debt talks.

The minister said they also discussed other issues on which the two sides have not yet reached agreement. “I want to reassure everyone that the climate was positive; there’s mutual understanding and we seek a mutually beneficial solution.”

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