New meeting with the representatives of the institutions

“Progress has been made in order to have an agreement on bad loans, but the issue has not closed yet,” Economy Minister George Stathakis said after the meeting with the representatives of the institutions early on Monday.

A new meeting has been scheduled for 3 pm, the minister said adding that the negotiations must end on Monday because the representatives of the institutions leave on Tuesday.

Stathakis noted that they have agreed on tax issues, while the discussion on bad loans will resume later in the day.

Asked on the negotiations on bad loans, the Bank of Greece governor Yannis Stournaras said: “We are very close (to an agreement).”