Greek minister opposes sell-off of “sensitive” NPLs

The relevant Greek economy minister on Wednesday reiterated his opposition to the prospect of non-performing loans being sold off to foreign funds, saying he prefers a lengthy transitional period.

Minister Giorgos Stathakis was quoted by Bloomberg as saying that his leftist government has already opened up half of the NPL market, while adding that the government’s goal is to protect the more “sensitive categories of loans, like mortgages, consumer loans and loans taken by SMEs.”