Athens expects positive post-bailout economic review

27 February 2020
427 Views

Greece’s international creditors are expected to publish their report on the Greek economy as part of the fifth post-bailout review today. According to local reports, the report is expected to be mostly positive, citing progress made by the government in promoting growth and implementing agreed reforms.

In terms of issues that need to be addressed, the report is expected to focus on the mountain of non-performing loans (NPLs) sitting on the books of Greek banks.

The government will be urged to make use of the Hercules securitization plan, which will help banks offload up to 30 billion euros of bad loans. On Tuesday, Eurobank applied to take part in the bad loan reduction scheme via a 7.5 billion euro securitization.

Source: balkaneu

You may be interested

Covid-19 Greece – 2,135 new cases on Tuesday
GREECE
shares24 views
GREECE
shares24 views

Covid-19 Greece – 2,135 new cases on Tuesday

makis - Nov 24, 2020

The Greek authorities announced 2,135 new cases of coronavirus on Tuesday, of which 13 were detected following checks at the…

Ankara blocks inspection of Turkish ship by German frigate in Libya (video)
SLIDE
shares37 views
SLIDE
shares37 views

Ankara blocks inspection of Turkish ship by German frigate in Libya (video)

makis - Nov 23, 2020

Ankara has prevented a German frigate, participating in the European Union’s “IRINI” mission, from inspecting a suspected Turkish cargo ship…

Biden Deputy Chief of Staff pushed “mandatory” firearm buybacks
WORLD
shares43 views
WORLD
shares43 views

Biden Deputy Chief of Staff pushed “mandatory” firearm buybacks

Panos - Nov 23, 2020

Jennifer O’Malley Dillon, would-be White House Deputy Chief of Staff for a Biden administration, managed Robert ‘Beto’ O’Rourke’s 2020 campaign and pushed…

Leave a Comment

Your email address will not be published.