ATHENS, April 23 Piraeus Bank will
write off credit cards and retail loans up to 20,000 euros
($21,484) for Greeks who qualify for help under a law the
leftist government passed to provide relief to poverty-stricken
borrowers, it said on Thursday.
Greece has received two EU/IMF bailouts totalling 240
billion euros since it was hit by a debt crisis. The austerity
programme imposed as a condition of the rescue has left one in
four people out of work, and thousands struggling to pay debts.
The Syriza party was elected in January on a promise to end
the belt-tightening. Its first legislative act was to pass a
bill offering free food and electricity to thousands of
Piraeus said it would also write off interest on mortgages
for qualifying borrowers, but did not provide details on how
many people might benefit.
($1 = 0.9309 euros)
(Reporting by George Georgiopoulos; Editing by Mark Potter)