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> Economy

Gov’t sells all loans to foreign funds

They are trying to conclude the program review as soon as possible, despite the devastating economic consequences

Newsroom June 6 09:04

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The government continues submitting new amendments in the Parliament without giving any explanations so as to achieve the conclusion of the program review as soon as possible, despite the devastating economic consequences that these measures will bring to the Greek society.

Based on the numerous new amendments submitted over the last few days, the banks are allowed to assign the management and collection of non-performing and performing first residence loans, the loans with state acting as guarantor will be sold to foreign funds, while the variable rate of business loans will probably increase, when the loans are sold to the funds.

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