The bill on regulating “red” loans will be ready by the end of October, Deputy Finance Minister George Zavvos announced, int.ert.gr reports. According to the Ministry of Finance, this is a systematic, long-term solution to the radical redress of loans, that will not aggravate the Greek taxpayer and the state budget. Mr. Zavvos said that government guarantees worth 9 billion euros would be able to clear the “red” loans totaling 30 billion euros during an 18-month period. RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Lemur12 Let's block ads! (Why?)