Friday August 22, 2014 Search
Weather | Athens
32o C
25o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Interest in business loans may be shaved

By Dimitra Manifava and Evgenia Tzortzi

A crucial package of interventions on the burning issue of nonperforming loans to enterprises and households is expected to be presented in the first half of September as details are hammered out over the summer.

The government, its international creditors and banks are examining the introduction of out-of-court settlements for corporate debts through a-la-carte arrangements that will include writing off interest in the first phase, changing the procedure before and on default, as well as amending the law providing protection from bankruptcy.

Even the Code of Conduct regarding the management of bad loans is being rewritten in order to ensure greater speed and flexibility.

As for the anticipated haircut on corporate loans, sources say the proposal currently being discusses provides for the initial write-off of interest on the loans of certain corporations, which will be chosen according to sustainability criteria. In the long run, possibly after five years and provided that after the interest write-off a corporation is consistent in its loan repayments, a reduction of the original loan capital may be examined.

ekathimerini.com , Sunday Jul 13, 2014 (21:01)  
Spanish government bonds rise with Italys before Draghi speech
Greek peach farmers await Brussels decision on compensation
Report: Greek banks sturdily positioned
Economy stunted by property tax demands, report says
Police seek three gunmen behind Distomo robbery, hostage found safe
Police were seeking the perpetrators of a daring bank robbery in Distomo, Viotia, on Friday afternoon during which they took an employee hostage in their getaway car but released him before ...
Migrant dies after boat sinks off Tilos, 81 rescued
Greek coast guard vessels were scouring the area off the coast of Tilos, in the Dodecanese, on Friday after a smuggling boat carrying dozens of would-be immigrants sank following a fire on t...
Inside News
West Brom sign Greek international striker Samaras
West Bromwich Albion have signed Greece striker Georgios Samaras on a two-year contract following his release from Scottish champions Celtic, the English Premier League club said on Friday. ...
SOCCER
Panathinaikos, Asteras Tripolis notch up vital wins in Europa League
Thursday proved a very productive night for two of the three Greek teams performing in the Europa League as Panathinaikos and Asteras Tripolis secured vital wins in the first legs of their p...
Inside Sports
COMMENTARY
On steroids
Bodybuilders are in a league of their own. They rarely make headlines for their achievements, their performance, or being role models. In contrast, theyre more likely to make the news due t...
EDITORIAL
Time to kick a stupid habit
Official figures indicate that tax dodging continues unabated across Greeces tourist areas. According to data made available by the Finance Ministry following checks conducted between July ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Police seek three gunmen behind Distomo robbery, hostage found safe
2. West Brom sign Greek international striker Samaras
3. Migrant dies after boat sinks off Tilos, 81 rescued
4. Hardouvelis hears grievances of coalition MPS to unified property tax bill
5. Avramopoulos, Hagel hammer out roadmap of defense cooperation
6. Spanish government bonds rise with Italys before Draghi speech
more news
Today
This Week
1. Aftershocks rattle Halkidiki after strong 5-Richter quake
2. Coast guard intercepts 180 migrants in Aegean in two days
3. Avramopoulos, Hagel hammer out 'roadmap' of defense cooperation
4. Greek peach farmers await Brussels decision on compensation
5. Spanish government bonds rise with Italy's before Draghi speech
6. Hardouvelis hears grievances of coalition MPS to unified property tax bill
Today
This Week
1. Carved sphinxes at Ancient Amphipolis tomb will not be removed
2. Treating Amphipolis with care
3. Canadas fiscal adjustment has lessons for Greece
4. Greece to offer law on restructuring bad loans next month
5. Ministry sys no to debt collection agencies
6. The magical mountain
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.