COMMENT

A need for transparency

So-called nonperforming loans have become an issue of major concern with regard to the recovery of Greece’s real economy.

No matter what kind of solution the coalition government ends up adopting in order to deal with this problem, it will have to be one based on crystal-clear rules and a sense of overall transparency.

Greek citizens currently living in fear of losing their homes as a result of their ongoing inability to pay off their loans will not tolerate – and rightly so – any kinds of double standards regarding this issue.

What is required right now is decisiveness, realism and well-defined rules in order to separate the wheat from the chaff – to separate, in other words, the businesses that may stand a chance at surviving and ought to be funded, from those which continue to drain the local banking system for no apparent reason.

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