Non-performing loans with state acting as guarantor to be sold to funds
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
ND on the verge of absolute majority, latest poll suggestsmakis - Dec 13, 2017
Major opposition party New Democracy (ND) leads ruling SYRIZA by 9.4 percentage points, according to the latest poll conducted by…
Greece to speed up migrant transfer after Turkey dealmakis - Dec 13, 2017
Greece will speed up the relocation of thousands of migrants from its overcrowded islands to the mainland before the onset…
Greek Supreme Court rules for extradition to US of Russian cybercriminalmakis - Dec 13, 2017
The Supreme Civil and Criminal Court of Greece (Areios Pagos) ruled on Wednesday in favour of the extradition to the…