Dendias: “Red loans are time bombs”
The red loans are developing in a major issue for the government, as the Development Minister called them a “ticking bomb”.
Speaking to Real News, he said that “the situation is at the stage of exchanging views with troika on an early draft of our proposals for the business of red loans. We have sent our proposals in time for it before August 15th, as we had originally committed. We received a few days ago the first observations”. Dendias added that “the Code of Conduct of the Bank of Greece is an extremely useful tool in trying to solve a problem, as this time bomb for the economy”.
The Development Minister also pointed out that “a wave of mass auctions won’t serve anyone, as it will create a greater reduction in prices in the property market”. In regard to the meeting in Paris, he noted that the agenda is on the return to normality and not for management of an emergency agenda, reminding that he’s against over-taxation of the property, but added that “he’s certain that there will be movement to this direction”.
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