The Minister of Growth Kostis Hatzidakis and the board of the Greek Banking Association (EET) came to an agreement yesterday about increasing liquidity by 1.5 billion euros that are currently available by NSRF and European Investment Bank.
The two sides also agreed to compose a monthly report on the goals, in order to determine if there are any delays and need for intervention got overcome bureaucratic hurdles. The first such report will be composed at the end of August.
The financial support of banks for businesses will be double the amount, roughly 3 billion euros, however generating 2 billion euros appears to be a more realistic goal for financing.
