Top gov't ministers conclude meeting on settling arrears towards state, insurance fundsΠαρασκευή, 24 Οκτωβρίου 2014 22:13
A meeting among top government ministers on finding a way to surpass the objections of the troika on settling arrears towards the state and insurance funds was completed at the Finance ministry.
The meeting was attended, among others, by Finance Minister Gikas Hardouvelis, Development and Competition Minister Nikos Dendias, Labour Minister Giannis Vroutsis and Justice Minister Haralambos Athanasiou.
According to information, the representatives of Greece's international lenders have asked for stricter conditions to be included in the new legislation (that would allow the settling of debts in up to 100 installments), so as to stop debtors who have been included in previous arrangements from "jumping" into the new one. They also want the legislation to be complementary to the one on settling bad loans. For this reason, the ministry is in contact with troika officials in order to speed up the process of submitting the legislation to Parliament without the move appearing to be a "unilateral action" by Greece.
The troika also wants all legislation on settling arrears to have similar conditions so that none of them will appear to be more advantageous than another and those who have debts both towards banks and the state will choose just one method of settlement.
The problem with outstanding debts is so great, that in September alone, financial obligations towards insurance funds and other state bodies jumped by 1 billion euros and have now topped 70 billion euros.