The Deputy Minister of Finances Christos Staikouras has announced that the Deposits and Loans Fund will form a committee to examine the possibilities in seizing and taking advantage of accounts that have been inactive for decades. This is the first time that the Ministry is planning such a thorough investigation into the matter.
The committee will be tasked with documenting and categorizing all such accounts (valuables, bonds, etc). After examining each account, the committee will then examine the legal framework to take advantage of inactive accounts.
After the committee has completed its investigation, it will make a series of proposals and submit its findings by the end of February 2014.
