Athens expects positive post-bailout economic review
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.
You may be interested
Alco poll: New Democracy leads with 12.9 pointsPanos - Jun 23, 2021
A marginal change in the political scene is reflected in a poll conducted by Alco for the Open that took…
Signatures for Line 4 of the Metro – Mitsotakis: The country is turning the page (videos)makis - Jun 22, 2021
The signatures for the biggest construction project that is taking place after Attiki Odos, fell tonight in Galatsi, where in…
Greece: Intelligence Services arrest 3 Turks with fake Interpol IDs trafficking illegal immigrants to EuropePanos - Jun 22, 2021
They were moving around in the center of Athens with Interpol IDs. They spoke five languages, had thousands of euros…