Greeks with state-backed loans to get repayment break

Companies or individuals who have taken out loans that were guaranteed by the state will be allowed a repayment break, according to decision taken on Wednesday by Alternate Finance Minister Christos Staikouras (photo).

The firms and individuals affected by this decision will only have to pay the interest on their loans for the rest of the year.

The ministry said it chose to make this move to give those concerned a better chance of avoiding having to shut down their operations.