Greece
wants political solution on bad debt dispute blocking review
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[November 09, 2015]
ATHENS (Reuters) - Greece said on
Monday it would take a political decision to overcome a dispute with
international lenders over the treatment of non-performing loans at
Greek banks, an issue it says threatens less well-off homeowners.
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Athens insists resolving the issue should not result in thousands
of poor Greeks at risk of losing their homes and says a deal may
have to be taken by Europe's leaders to bridge the dispute.
"The thorny issue is the distance that separates us on the issue of
protecting primary residences," Economy Minister George Stathakis
told Real FM radio.
"I think the negotiations we conducted with the institutions has
closed its cycle .. so its a political decision which must be
taken," he said.
The comments came ahead of a euro zone finance ministers' meeting in
Brussels which is to assess if Athens qualifies for more bailout
funds.
![](http://archives.lincolndailynews.com/2015/Nov/09/images/ads/current/atlantanationalbank_sda_072114.png) Stathakis said that there was progress on most of the remaining
issues holding up the review and that "a compromise will be reached"
on the regulation of tax and pension fund arrears.
The country's progress in meeting the terms of the bailout is due to
be assessed at the Eurogroup later on Monday. An accord would have
released 2 billion euros to Athens, part of an initial tranche of 26
billion under the bailout, worth in total up to 86 billion euros.
Greek Prime Minister Alexis Tsipras and European Commission
President Jean-Claude Juncker discussed the bad-loans issue by
telephone on Sunday. French President Francois Hollande and German
Chancellor Angela Merkel also talked about it by phone.
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"Greece is making considerable efforts. They are scrupulously
respecting the July agreement," French Finance Minister Michel Sapin
told reporters. "I want an agreement to be reached today. France
wants an agreement today."
(Reporting by Renee Maltezou in Athens; Additional reporting Michel
Rose in Paris; writing by Michele Kambas Editing by Jeremy Gaunt)
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