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red loans

Greece-Creditors Still Disagree Over Bad Loans, Foreclosures

The second marathon negotiation between Greece and the quartet of international creditors ended at 5 am on Monday with the issues of bad loans and primary residence foreclosures still unresolved. According to sources close to the talks, the Greek team...

Negotiations Between Greece and Creditors Continue to Stumble

A new meeting between the Greek team and lenders representatives is scheduled on Sunday at noon after Saturday's 11-hour negotiation ended with issues still unresolved. Government sources said there was progress in talks, however several crucial issues are still pending....

Greece's Big Challenge to Fix Bad Loans Without Destroying Banks

The big challenge for Greece's Prime Minister Alexis Tsipras is to fix the bad loans situation without destroying Greek banks, according to a New York Times report. The nonperforming loans issue is so thorny that the Greek government did not...

Reps for Foreign Funds, Looking to Buy Greek Bank Loans that are "in the red"

Representatives of foreign funds are looking to take advantage of the "red" loans held by Greek banks and are already setting up offices in Athens, according to the Real News newspaper. According to the report, representatives of foreign funds have been...

Law on Overdue Tax and Social Security Debts Postponed

Legislative measures that will allow for a new restructuring of overdue tax and social security debts has been postponed until next week as Greek and Troika officials are still hammering out the details. However, this delay seems devastating in terms...

Greek Opposition Parties Agree on Law Motion over 'Red Loans'

Main opposition SYRIZA leader Alexis Tsipras, revealed today during a meeting with ANEL president Panos Kammenos, that he is willing to support the law motion over the so called "red loans," planned by the Independent Greeks (ANEL) party, in the event that...

Hardouvelis: 'All Issues Under Negotiation to Be Laid on the Table'

Greece’s Finance Minister Gikas Hardouvelis has said that he is optimistic about the outcome of today's negotiations with international creditors. The minister delivered the statement after a meeting with Prime Minister Antonis Samaras at Maximos Mansion yesterday evening. Hardouvelis declared...

More Greeks Unable to Pay on Their Loans

The number of defaulting debtors in Greece is growing, and experts are warning that the situation could blow up and smash hopes the country can finally emerge from a crippling six-year recession this year. Greece’s central bank says that non-performing...

Outstanding Debts Damage Greek Economy

The debts of individuals, households and businesses to the Greek state during the first five months of 2014 have increased dramatically. It is estimated that debts to the state are rising at the rate of 1 billion per month while...