The bill on regulating “red” loans will be ready by the end of October, Deputy Finance Minister George Zavvos announced, int.ert.gr reports.
According to the Ministry of Finance, this is a systematic, long-term solution to the radical redress of loans, that will not aggravate the Greek taxpayer and the state budget.
Mr. Zavvos said that government guarantees worth 9 billion euros would be able to clear the “red” loans totaling 30 billion euros during an 18-month period.
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