Creditors concern about non-performing loans
The representative of the European Central Bank, Rasmus Refer, stated that should be the last negotiation round adding that the non-performing loans suspend development in Greece and, thus, it should be dealt with, revealing also that Greece’s creditors have many suggestions on how to manage the non-performing loans.
Mr. Refer said that a lot of work has already been done, but there are still some challenges underlying that stability is now the issue and stressing that the memorandum should be applied.
European Commission’s representative Declan Costello mentioned that the economic growth depended on the successful evaluation which was in progress.
He also mentioned that the elections and cabinet reshuffle brought delays.
Mr. Costello announced also creditors had already decided for a Greek debt relief. So, the only issue was not if there would be a debt relief but on what terms stressing that would be something to decide later on, after the program evaluation.
You may be interested
EU Poll: Greeks overwhelmingly convinced of widespread corruptionmakis - Dec 12, 2017
Corruption in Greece is an ongoing political issue, that has been debated to death over the past 35 years. Now…
Turkish PM Yildirim escalates rhetoric against Greecemakis - Dec 12, 2017
Two days before his arrival in Greece, Turkish PM Binali Yildirim directly disputed the current Status Quo in the Aegean…
One in three Greeks unable to afford basic material goodsmakis - Dec 12, 2017
One in three Greeks or 32% in 2016 were unable to enjoy basic material goods and social benefits, according to…