Creditors concern about non-performing loans

30 November 2015
34 Views

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

African heatwave to hit Greece from Thursday
GREECE
shares33 views
GREECE
shares33 views

African heatwave to hit Greece from Thursday

Panos - Jun 26, 2017

Greece is bracing itself for an African heatwave starting from Thursday, when temperatures are expected to reach over 42-43 degrees…

Bloomberg: Can an Ancient Greek Win America’s Wars?
DEFENCE
shares36 views
DEFENCE
shares36 views

Bloomberg: Can an Ancient Greek Win America’s Wars?

Panos - Jun 26, 2017

It’s been a scorching week in Washington, what with daily revelations about Russian hacking, the Senate stumbling its way to…

Moscovici: Agreement is good, but a few more measures are needed…”
FINANCE
shares42 views
FINANCE
shares42 views

Moscovici: Agreement is good, but a few more measures are needed…”

Panos - Jun 26, 2017

In an interview to Thema newspaper, the European Commissioner for Economic and Financial Affairs Pierre Moscovici said there were still…

Leave a Comment

Your email address will not be published.