Tsakalotos discusses Hellenic Sugar Industry’s funding problems with Piraeus Bank

The future of the struggling Hellenic Sugar Industry was discussed at the finance ministry on Thursday, in an effort to find a solution on its funding needs.

During the meeting, Finance Minister Euclid Tsakalotos, Alternate Finance Minister Alexis Charitsis and Piraeus Bank CEO Christos Megalou discussed ways to pay debts owed to the company’s sugar-beet farmers.

According to sources, the two sides examined the possibility of receiving a loan from Piraeus Bank in a way that doesn’t increase the company’s debt pile.