non-performing loans

The International Monetary Fund report on the Greek debt sustainability says that fiscal measures should be implemented earlier and the countermeasures not earlier than 2023. If the countermeasures are applied from 2019 to 2021, then the primary surplus for those...

"If the bullish sentiment that currently exists in the U.S. with the election of a new president is a reflection of reality, I think the rest of the global economy will feel the positive effects of that and even...

Property prices are in free-fall, with apartment prices down 41.4% in the 2006-2016 period, Theodoros Mitrakos, vice-governor of the Bank of Greece (BoG) said on Thursday. Addressing a real estate conference, Mitrakos said nominal prices for office space and high-standard...

There is a steep Greek debt in private loans in comparison with the country's GDP, the Greek newspaper Kathimerini reports. According to the news source, as they break it down the numbers are staggering. The amount that totals in expired private...

Greece's legislation on bad loans is a result of "complex" consultations between the institutions and the Greek Authorities, European Commission spokesman Margaritis Schinas said on Monday. During a press briefing in Brussels, Schinas was asked to comment on reports according...

The economic crisis is not over yet, despite the fact that some of the fiscal targets are met, said Bank of Greece Governor Yiannis Stournaras on Tuesday. Stournaras met with creditors' representatives to discuss non performing loans, the state of...

Non-performing loans are expected to rise further this year, the Bank of Greece said its review of the Greek financial system released on Tuesday. The central bank said that NPLs were expected to increase during 2016 depending on how fast...

Bank of Greece Governor Yiannis Stournaras announced a proposal submitted to Greece's creditors on Monday by the Greek Ministry of Finance that calls for a loosening of capital controls. During a discussion on the Bank of Greece report on...

Members of the Hellenic Financial Stability Fund have tendered their resignation to be made effective on July 18, 2016. The decision was made so as to ease the future choices concerning the role that the HFSF will play in...

The government is already drafting the bill to close the remainder of open issues prior to Greece's program review before the next Eurogroup on May 24, said government sources following the cabinet meeting headed by leftist SYRIZA Prime Minister...