Greek finance minister says sour loans at banks 'totally manageable'

Greek Finance Minister Euclid Tsakalotos speaks during a joint press conference with European Commissioner for Economic and Financial Affairs Pierre Moscovici at the Finance Ministry in Athens, Greece, July 3, 2018. REUTERS/Alkis Konstantinidis - Copyright ALKIS KONSTANTINIDIS(Reuters)

By Reuters

Published on 04/10/2018 - 13:04•Updated 23/04/2024 - 15:32

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ATHENS (Reuters) - Greece's finance minister said on Thursday the challenge of wrestling down non performing loans at the country's commercial banks was 'totally manageable'.

Euclid Tsakalotos told lawmakers all Greek bank had reached and exceeded targets set on reducing their stockpile of bad loans.