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Athens Macedonian News Agency: News in English, 16-02-10

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] TUI: Tourists eyeing Greece, Spain, Portugal, Italy for their holidays, shun Turkey
  • [02] Gov't, banks agree on management of non-performing loans

  • [01] TUI: Tourists eyeing Greece, Spain, Portugal, Italy for their holidays, shun Turkey

    BRUSSELS (ANA-MPA/ M. Spinthourakis) -- Tourists are turning to Greece, Spain, Portugal and Italy for their upcoming spring and summer holidays this year, while bookings to Turkey are down 40 pct, ostensibly due to security concerns, according to figures on current trends reported on Wednesday by the global travel agency TUI.

    [02] Gov't, banks agree on management of non-performing loans

    The government's economic team on Wednesday met with representatives of the banking sector and discussed the course of the economy and the conditions in the domestic banking sector.

    The two sides agreed, as stated in an announcement issued by the government's vice-presidency, that banks – following a timely and successful recapitalization exercise - were in a position to successfully deal with any turbulence in international markets. The meeting also noted that banks have no interest in selling their loan portfolios and agreed that domestic banks must accelerate procedures to deal with non-performing loans based on existing new legislation.

    The two sides also agreed on the negotiating line on the issue of managing non-performing loans and particularly exempting specific loan categories from being sold to third parties. The government's economic team agreed with bank officials to set up of joint commission to examine issues such as cutting charges on e-transactions, contributing in a combat against tax evasion and exchanging information.

    The meeting was chaired by government vice-president Yiannis Dragasakis, Economy Minister George Stathakis, Finance Minister Euclid Tsakalotos, the leadership of Hellenic Bank Union and the managements of domestic banks.


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