Following an expanded meeting at the Maximos Mansion under the Prime Minister, the head of Piraeus Bank Mihalis Sallas stated that the banks are also ready in a technical level to start the implementation of the Law on the “red” loans immediately after its adoption by Parliament.

Mr. Sallas stressed his disagreement on the red loan regulations and added that during the meeting the subject of the course after the stress test which was a very successful development and opens the way for the financing of the economy was also discussed.

Further in the meeting agenda was the economic development and according to Mr. Sallas a 2% growth is expected if not 3% and that the banks will be ready and able to support this plan.

The head of Piraeus bank expressed his opposition to the “defrosting “of the first home auctions.

The participants in the meeting were the Deputy Prime Minister Mr. Evangelos Venizelos, the Minister of Finance Mr. Gikas Hardouvelis, the Deputy Minister of Finance Mr. Christos Staikouras, thr Minister of Development Mr. Kostas Srekas and representatives of banks such as Dimitris Mantzouris of Alpha Bank, Alexandros Tourkolias of National Bank and Christos Magalou of Eurobank.