Friday, August 1, 2014

Filed the bill to organize the Council of National Policy on Education - New way of calculating the


All members of the economic team, but the governor of the Bank of Greece and bank executives, with speeches this week, stressed at every opportunity the need to restore and regulate this issue. And this, as we consider that the resolution is necessary in order to bring about - slowly but surely - to restore liquidity to the real economy.
Despite the fact that the government is talking about legislation that will solve the whole problem of non-performing loans business, bankers, reportedly believe that this can not be done in any case, and that any loan must be treated separately. The stigma of intent banks gave, moreover, yesterday, at the conference of the Economist, the president of the Greek Banks, George Zanias, who spoke for inspection every case, adding, however, that - because there are similar cases - these will be used as originals (such as cases and Selonda Mile).
The same banking sources reported in these two settings, talk about selling loan portfolios in distress truck rental funds, which specialize in these operations, "something which should have been done. Now we sell loans to 15% of their value. " This support, seeing that in some cases this solution is the only way. Recall that these funds had made their appearance before more than six years, and asked the red market loans to 60% of their value. But then the Greek banks were strongly opposed.
In any case, this route should definitely include placing funds from these investors, so the solution to be viable, highlight market executives, with experience in business restructuring.
Bankers, however, argue that the red business loans are fully manageable by the Greek banks. Both predictions have gotten, and the recapitalization of credit institutions are sufficient to address the issue.
This, moreover, stressed the head of the Bank of Piraeus, Michalis Sallas, exiting last night by the Maximos Mansion, where the issue was discussed with the Prime Minister and the Ministers of Finance and Development. Identify the total amount truck rental of red in loans 75-77 billion, saying the bank forecasts exceed 50% and that the property and the collateral exceeds the remaining amount, making it clear that there is no problem for the Greek banking system.
Information indicates that the elements, which have the Bank of Greece, show that the stress test exercises have taken into account all scenarios and exceed the capital requirements for credit risk. Therefore, supports our official central bank will not take any more money from the FSF. Simply, lenders do not want to give the green light for the cushion of 11 billion euros for fear of relaxation from Greek side and pushing for reforms.
However, at yesterday's meeting came the dimension that firms with red loans must be addressed in the overall economic situation, ie all their debts to the IRS, pension funds and banks, so there is no incentive or disincentive debtor to choose the some service on its obligations. Source
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