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Athens Macedonian News Agency: News in English, 14-06-17

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Bank of Greece presents new framework for dealing with NPLs‏
  • [02] Venizelos receives Ecumenical Patriarch Bartholomew
  • [03] Deputy defence minister opens conference on common EU security policy in Athens

  • [01] Bank of Greece presents new framework for dealing with NPLs‏

    "Verdana","sans-serif";mso-fareast-font-family:"Times New Roman";mso-bidi-font-family:

    ANA-MPA -- The Bank of Greece on Tuesday presented a new framework aiming to help Greek banks deal with their non-performing loans, as part of a strategy to restructure the banking system following its successful recapitalisation.mso-fareast-font-family:"Times New Roman";mso-bidi-font-family:Tahoma;

    "Verdana","sans-serif";mso-fareast-font-family:"Times New Roman";mso-bidi-font-family: The central bank's executive commission set the "Framework of supervisory obligations for the management of delayed and non-performing loans" by adopting the most usual, in international practices, methods of restructuring household debt, such as partial haircuts of debts, offer of additional guarantees by borrowers, sale & leaseback of a property asset, the transfer/sale of a loan to another credit institution, exchanging a mortgage loan with another loan of a smaller value and liquidating guarantees."Times New Roman";mso-bidi-font-family:Tahoma;color:#0F1419;mso-ansi-language:

    "Verdana","sans-serif";mso-fareast-font-family:"Times New Roman";mso-bidi-font-family: For enterprises, the new framework envisages operating restructuring with a change in management when credit institutions see an enterprise is viable, or exchanging debt for equity.font-family:"Verdana","sans-serif";mso-fareast-font-family:"Times New Roman"; mso-bidi-font-family:Tahoma;color:#0F1419;mso-ansi-language:EN-US;mso-fareast-language:

    "Verdana","sans-serif";mso-fareast-font-family:"Times New Roman";mso-bidi-font-family: The new framework will be valid from December 31, 2014."Times New Roman";mso-bidi-font-family:Tahoma;color:#0F1419;mso-ansi-language:

    [02] Venizelos receives Ecumenical Patriarch Bartholomew

    ANA-MPA -- Government vice-president and Foreign Minister Evangelos Venizelos on Tuesday met at the foreign ministry with Ecumenical Patriarch Bartholomew.

    Welcoming the Ecumenical Patriarch, Venizelos referred to his visits to Jerusalem and Rome and to his meeting with the Pope, underlining the peace message that was sent out and the upgraded international position assumed by the Ecumenical Patriarchate.

    On his part, the Ecumenical Patriarch said that he is visiting Athens for the second time in five months and, referring to the foreign minister, called him an "old and valuable friend" and wished him success in the government's work.

    As regards his recent visits to the Holy Land with the Pope and to the Vatican, he said that "they were important events for the Church and the Ecumenical Patriarchate," and wished that the efforts made will bring the much-desired peace in the world, the Middle East in particular.

    [03] Deputy defence minister opens conference on common EU security policy in Athens

    ANA-MPA -- Deputy Defence Minister Ioannis Lambropoulos stressed the need for "rationalism and realism" in dealing with the challenges emerging on the global "geopolitical chessboard" during his opening address to the "Security and Crisis Management International Conference ATHENA" that kicked off in Athens on Tuesday.

    The event, organised by the Hellenic National Defence General Staff, is a think tank conference on common security and defence issues taking place in the context of Greece's presidency of the European Council and will run until June 19.

    Lambropoulos also repeated Greece's position on European's security strategy, calling for a "general institutional reorganisation so that the EU can respond to the role that history has in store for it". He said the EU must be equipped with the necessary means and accelerate military reforms, so that it has the necessary form of autonomy in the area of operational planning.

    "We must reinforce the functioning of the European Defence Agency, make an effort to avoid overlapping efforts with the Allies, improve access to the industry of imported technology and increase the share of research cooperation," he added.


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