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Athens Macedonian News Agency: News in English, 14-07-15
CONTENTS
[01] Troika to have back-to-back meetings at Finance Ministry on Tues.
[02] Dev't minister: Bankruptcy law reform the basis of current bad-loan
deliberations
[01] Troika to have back-to-back meetings at Finance Ministry on Tues.
ANA/MPA---The troika review team has arranged back-to-back meetings
with Greek officials and cabinet ministers at the finance ministry on
Tuesday, speeding up the talks with the Greek government ahead of its
scheduled departure on Thursday.
They will start off by meeting the national coordinator for the fight
against corruption Ioannis Tentes at 11:00, before participating in
a council on private debt at noon. Participating in this on the Greek
side will be the ministers of finance, development, labour and justice,
as well as representatives of the Bank of Greece and the Hellenic Bank
Association.
There will follow meetings with Interior Minister Argyris Dinopoulos
at 14:00, Infrastructure, Transport and Networks Minister Mihalis
Chrysohoidis at 15:00 and Labour and Social Insurance Minister Yiannis
Vroutsis at 16:00.
There may also be a meeting at 18:00 with Rural Development Minister
George Karamanis, while teams representing the troika of lenders will
also visit the independent statistical authority ELSTAT.
[02] Dev't minister: Bankruptcy law reform the basis of current bad-loan
deliberations
ANA/MPA---The conditions are now ripe to discuss the significant problem
of bad and non-performing loans, so as to create a carefully timed
parallel process which will ultimately set free those entrepreneurial
forces which are today trapped, said Development Minister Nikos Dendias
on Monday speaking at a board meeting of the Athens Chamber of Commerce
and Industry.
According to Dendias, the bankruptcy law reform forms the basis of the
deliberations concerning bad and non-perfoming loans. He stressed the
need for a new growth model in order to surpass the crisis, which would
involve a specific roadmap to success, the reduction of social insurance
contributions, energy cost cuts, tax reliefs and a broadening of the tax
base, as well as a change in bankruptcy law such that the businesspeople
will no longer be trapped.
The minister described the targets of his ministry as "attracting
[investment] funds and releasing captive venture capital", as well
as cutting the costs of Greek exporters by 50% and promoting further
investments in infrastructure. As regards the Sunday operation of
commercial shops in certain, pre-defined areas of Greece, Dendias
commented that no violent reactions to this novel measure will be
tolerated, while its effectiveness will be assessed in the forthcoming
months.
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