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Athens Macedonian News Agency: News in English, 16-09-27
CONTENTS
[01] Legislation on bad loans is the result of negotiations, Economy
Min Stathakis says
[01] Legislation on bad loans is the result of negotiations, Economy
Min Stathakis says
"The legislation on bad loans is the result of negotiations," Economy
Minister Giorgos Stathakis said in statements to ANT1 TV on Tuesday.
"We discussed all possible tools and the possibility for loan holders
to purchase their loan at the same price as the funds, but the creditors
rejected the proposal," he added.
Stathakis noted that all European markets have a secondary market for
loans and stressed that strict terms have been set. In order for a
company to purchase a bad loan, it needs to be located in Europe and
not in a tax heaven, he stated, adding that the management companies
need to have their offices in Greece.
Regarding the transfer of public utilities to the new privatisation super
fund, he said that it does not translate into their privatisation. "The
transfer of companies to the Hellenic Republic Asset Development Fund
(TAIPED) translates into their privatisation, while their transfer to
the new super fund means 30-year exploitation."
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