The government’s primary target is to present a comprehensive settlement framework for non-performing business loans, underlined Development and Competitiveness Minister Nikos Dendias in an interview with Eleftheros Typos newspaper on Sunday.

“The plan for non-performing business loans is part of a broader framework for the restructuring of private debt. The Government seeks a comprehensive solution to the debt problem so that sustainable businesses, not only the large ones but also the small ones, will be able to overcome their problems,” Dendias noted.

Asked about home loans, Dendias said that special measures will be taken so that citizens will not lose their properties. Furthermore, he stated that “a massive wave of home foreclosures does not benefit the banks, as it would lead to further large reductions in the real estate market.”