Karamanlis Institute

Under an onslaught of 63.6 billion euros in non-performing loans and many people unable to meet payments after three years of austerity measures, Greek banks said they’ve been left virtual-ly unable to lend. As default rates on mortgages approach 23...

Greek Finance Minister Yiannis Stournaras said Greece’s economy can begin recovering this year if it adheres to the conditions set by its lenders and keeps social unrest down. “We can make it ... if we can stick to the program...