The new debt regulation allowing repayments on 72- or 120-installment plans is expected to begin in April, Finance Minister Christos Staikouras said on Sunday on Skai TV, ANA reports.
The plan, he noted, “was the toughest discussion we had with institutions.” The FinMin added, “The fact we have exited an enhanced surveillance state – like Spain, Portugal, Ireland, and Cyprus – does not mean that the Greek economy is not being evaluated. This framework of settling debts exists nowhere in Europe. We carried out the most generous possible regulation to help out our compatriots who are really facing problems.”
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