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Athens Macedonian News Agency: News in English, 14-09-08
CONTENTS
[01] Non-performing loans amount to about 80 bln euros, Development
minister says
[01] Non-performing loans amount to about 80 bln euros, Development
minister says
Non-performing loans amount to around 80 billion euros, Development
Minister Nikos Dendias told Ant1 TV on Monday, noting that the
government plans to deal with the issue as part of efforts to restore
market liquidity.
Referring to the lifting of the protection status against first-home
foreclosures, he said the issue "was not discussed with the troika
or anyone else," adding it would not be discussed before December,
meaning that decisions would be taken when the current protection period
expires. He also noted that during the negotiations with the troika he
raised the issue of granting more business loans through the National
Reference Strategic Framework (NSRF).
On business loans, he noted however, the discussion had not been
concluded. "The government wants to help small businesses," Dendias said,
stressing that their decreased revenues was a result of the crisis and
not of their own actions. He also made clear that the government would
not help "insolvent debtors, those who make use of the crisis", saying
"you cannot have a poor business with a rich businessman."
Referring to early elections, he noted that "the government should
complete its work and be judged in 2016". He also said there "was no
possibility of not electing a President of the Republic" in the upcoming
electoral process and concluded by saying that right now "elections
would greatly hurt the country and society."
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