In a two hour meeting the Minister of Finance and the Minister of Development discussed the project that they will present to Troika, consisting a comprehensive settlement or a partial increment deletion of enterprises debt to banks, tax authorities and social security funds.
Mr. Gikas Hardouvelis will continue to have meetings with all Ministers involved, while the Greek negotiating team will attempt to create a “map” with the critical areas concerning the lenders and try to “weigh” their moods.
According to sources, after the meeting between Mr. Hardouvelis and Mr. Nikos Dendias, spoke of solutions like Installment repayments and partial deletion of increments in order to stop further “shutting downs” for over 50.000 small enterprises and about 5.000 bigger ones.
The Special regulation draft will apply just one time and for only two years. It will cover the debts “born” during the crisis and then it will be abolished.
Further sources reveal that at first the plan was to have 120 installments and delete up to 90% of increments. So far, Troika has not approved the proposal, but neither has rejected it. It is under discussion and asks for further clarification, which generates optimism to the government.
However, the economic team considers that “the banks will not be affected at all” and the predictions that they have already made are sufficient.
Finally, the overall arrangement does not cover the debts of households, of which another arrangement of 100 installments is soon to be designed.