Gov't spokesman: New development bill to free the economy of long-standing obstacles
The development bill voted on Thursday night will "free the economy from long-term obstructions, a state chokehold and useless bureaucracy, and will attract investments," government spokesman Stelios Petsas told Alpha 989 FM radio on Friday.
Commenting on regulations of the new omnibus law, he said that the suspension of VAT payments for new building licenses would help spur construction, and he attributed the delay in its legislation to needed talks with the EU and Greece's creditors.
For the "Hercules" plan to relieve Greek banks of nonperforming loans (NPLs), Petsas said that it would help "remove nearly 30 billion euros worth of NPLs from their balance sheets." The state will provide nearly 9 billion euros in guarantees "so banks may be able to draw liquidity after the loans' securitization."
Speaking of prospects for consensus of Greek parties, and referring to the recent works by the interparty committee on voting by Greeks abroad, the government spokesman expressed the hope this attitude continues through to the vote of the related draft bill. "It's good for all parties to show a degree of maturity on issues that could serve as a common goal, so that convergence benefits all. This would be good for both the political system and the economy, because it would show to those outside Greece that the country is truly entering a new era," Petsas said.
Source: ana-mpa
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