non performing loans

The data of the Bank of Greece show that the exposure of Greek banks to non-performing loans (NPLs) amounts to 81.8bn euros, which is 45.4 percent of the total aggregate value of all loans.

We make mistakes and sometimes unpardonable ones, Deputy PM Yannis Dragasakis told Parliament about arrangements on resolving non-performing loans.

The report states that while progress was noted in Greece’s implementation of its post-bailout commitments, there are commitments that have yet to be met, most notably in the banking sector.

Prime Minister Alexis Tsipras welcomed the newly appointed ministers that «join forces with us in this crucial phase,» during his opening speech at Wednesday’s cabinet meeting. The prime minister said that the national effort that began four years ago for the country exit from the crisis has always had a clear social and political stamp, […]

Deputy Premier Yannis Dragasakis had warned of the dangers of such an eventuality for taxpayers, who could be called upon to underwrite it.

Second and third-class individuals without substance, without principles, and with obvious deficiencies jump from party to party and from parliamentary group to parliamentary group out of pure self-interest.

It has been evident for quite some time that there is a divergence between the proposals of the banks, the desires of government circles, and the views of Greece’s creditors.

This protracted electoral climate is bad for the economy. In a fluid domestic and international environment one can easily be confronted once again by unforeseeable events.

Watsa told Bloomberg that once Eurobank's NPL problem is resolved, “You’ll have a very well capitalised bank in a very good position to serve the Greek clients as well as the Greek economy.”

Given the climate of a more general insecurity in the markets due to the Italian crisis, it is absolutely necessary for Greek banks to be shielded from the dangers, created by the daily aggressive behaviour on the stock market.

Nearly half of the loans issued by Greek banks are not being serviced and have become delinquent, and the companies that owe money are problematic, and cannot pay.

Moody’s decision is based on the important obstacles on the path toward sustainable development, the country’s exceptionally strict fiscal targets, and the weaknesses of the banking system.

The Greek economy right now is operating almost without banks, without the oxygen of auxiliary credit, and condemned to a vicious circle of stagnation and underdevelopment.