Greek Finance Minister Christos Staikouras on Wednesday said that the government was drafting a new regulatory framework on debt settlement which will replace all existing tools, ANA reports.
Speaking in Parliament, the FinMin announced the new framework will be put for consultation soon and will include the possibility of settling and restructuring all debt, offering a second chance to over-indebted borrowers, offering support to borrowers in vulnerable social groups and tracking strategic defaulters.
Referring to the “Bridge” program, to be voted in Parliament later today, Staikouras pointed out it achieved multiple targets since it awarded consistent borrowers, supported borrowers hit by the economic crisis, and encouraged and strengthened bilateral agreements with financial institutions and investment management companies.
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