The economic crisis found most citizens of our country unprepared.

Naturally, plans, programmes, dreams, and ambitions were overturned.

Those plans and ambitions for a large swathe of society included buying homes with loans, many of which were not serviced because debtors suffered dramatic cuts in their income or lost their jobs.

That is how the huge volume of non-performing loans was accumulated.

Many people who owed to banks were unable to repay their debt.

That endangered the banking system, which is a pillar of the economy and growth. Hence, a resolution of non-performing loans that were issued for borrowers to buy their primary residence was necessary.

That means that in some way one must separate the wheat from the chaff.

Everyone knows that some debtors who were in a position to service their loans did not do so as they awaited a debt haircut.

Meanwhile, other borrowers who were hit hard by the crisis sacrificed much to meet their debt obligations.

The state is obliged to deal with both categories.