Among numerous Agents of the Public Sector, where overdue debts of many billion Euros are pending to third parties, the Army Share Fund is involved with relevant overdue debts amounting to a sum of almost €180 million. The consequence of this is the inability of the Army Share Fund to pay back its obligations vis-à-vis third parties from the year 2009 until 2012.
Following collaboration between the Minister of National Defence Mr. Panos Panagiotopoulos with the Deputy Minister of Finance Mr. Christos Staikouras and the Deputy Minister of National Defence Mr. Panaghiotis Karambelas, the payment of this amount by the time-schedule was decided, aiming at the reparation of pending debts of the Army Share Fund within the year 2013.
The aforementioned action is within the broader context of the Governmental Policy for the faster repayment of overdue debts of the Public Sector, so as to restore its credibility and solvency, as well as to bolster the liquidity in the markets, according to the directives given by the Prime Minister.
