Non-performing loans with state acting as guarantor to be sold to funds

31 May 2016
126 Views

The Greek government is still trying to complete the program review, while during a new teleconference between Finance Minister Euclid Tsakalotos and the representatives of the institutions an agreement on specific issues seems to have been reached.

Specifically, the abolition of the EKAS benefit will be applied gradually from June 1st, 2016 and not from January 1st, 2016, while regarding the non-performing loans where the state acts a guarantor, the government will table an amendment which will allow selling the non-performing loans with the state as guarantor to be sold to funds.

Despite the fact that Mr. Tsakalots tries to persuade everyone that the program review has been completed, there are still many prior actions to be fulfilled so as to get the next tranche of 7.5 million euros.

You may be interested

What is included in the F-16 deal between Greece and the US
FINANCE
shares37 views
FINANCE
shares37 views

What is included in the F-16 deal between Greece and the US

makis - Oct 18, 2017

The Defense Security Cooperation Agency (DSCA) released details on the deal for the upgrading of Greece’s F-16 fighter jet fleet…

Only 23% Greeks see economic growth in EU, survey shows
GREECE
shares49 views
GREECE
shares49 views

Only 23% Greeks see economic growth in EU, survey shows

makis - Oct 18, 2017

According to a European Parliament survey, Greeks are skeptical about joining the EU and its benefits, with only 23% believing…

Amazing footage of live fire exercise of the Greek Army!
GREECE
shares37 views
GREECE
shares37 views

Amazing footage of live fire exercise of the Greek Army!

makis - Oct 18, 2017

The Hellenic Army released a video of just one of its military activities. The live fire exercise was conducted in…

Leave a Comment

Your email address will not be published.