Emblematic here is the rapid reversal of the Troika’s proposal for a cut in the minimum wage: although actually included in the Government’s four year plan announced pre-Programme, this cut had not really been an accepted national policy priority and did not stick.
In accordance with the Loan Trust Law and the Trust Business Law, trust banks guarantee the principals of banking-type trusts (loan trusts and jointly managed money trusts). Therefore, loan write-offs in trust accounts are included in the total figures of transfer to the SLP and loan write-offs.