Addressing the liquidity problems of households and firms was on top of the agenda of the government meeting held at the Maximou Mansion under the Greek Prime Minister Antonis Samaras, and with the participation of the Deputy of the Government Mr. Evangelos Venizelos, the Minister of Finance Mr. Gikas Hardouvelis, Minister of Development Mr. Nikos Dendias and the Head of Piraeus Bank Mr. Michalis Sallas.

According to an informal briefing by government representative Ms Sofia Voultepsi, during the meeting the current state of the banking system its prospects were discussed, in the consistent of further support.

Discussions between the government and the bankers will be more frequent, aiming for banks – given the stability and integration of recapitalization to assist in the daily lives of citizens, according to Ms Voultepsi.

The meeting lasted about two hours while a private meeting followed after between the Prime Minister and the Governments Deputy.

Sallas: red loans are a very serious issue but can be controlled

Things in the financial sector and the market are much better than a while ago, noted Mr. Sallas while exited from the Maximou . He also stressed that during the meeting the issue of liquidity and ‘red’ loans were discussed. Specifically for the “red” loans Mr. Sallas said that whilst it is an extremely serious matter, however, simultaneously, is controlled and can be treated in such a manner that will not cause any social problems. Michalis Sallas said that this issue will be addressed in an “excellent and consistent way for the Greek economy.”
Further he also assured that soon there will be new tools available in order to gradually regulate loans.