The Slovenia Times

Changes to Greece Bailout Taken Off the Agenda


The changes to the act on loans to Greece are in line with March's decision by eurozone leaders. The interest rate would be reduced by 100 points to EURIBOR plus 200 basis points for loans up to three years, and to EURIBOR plus 300 for loans with a maturity of more than three years.

The committee took the item off the agenda without discussion, and there was no reason given for the move. The National Council, the upper chamber of parliament, opted against the changed terms for Slovenia's EUR 387.8m loan to Greece last month.

Meanwhile, the Finance and Monetary Policy Committee endorsed today the government-sponsored changes to the mass real estate appraisal act which introduce systematic recording of tenancies and specify in more detail real estate valuation models.

The changes make appraisal models dependent on the type of use rather than the type of real estate, based on experience in a test appraisal last year, which was conducted on the basis of Slovenia's first real estate census in 2007.

The government argued that the changes were important because the data on the value of real estate would also be used for other purposes, including in the implementation of the welfare benefits act and the welfare eligibility act.


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