Stathakis: We must maintain restrictions on distressed debt sales
The Minister of Economy Giorgos Stathakis argued that the Greek government must maintain restriction on distressed debt sales, in an interview for Bloomberg.
Mr. Stathakis explained that “we have already opened up 50 percent of the bad loans market” and that the goals is “a long transitional period in place for sensitive categories, like mortgages, small consumer loans, as well as loans to small and medium companies”.
Although the latest bailout agreement between Greece and its creditors includes provisions for the protection of vulnerable households, the extent the protection afforded is under negotiation with the institutions.
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