Non-performing loans with Greek state guarantee 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.

Read more here.

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