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ECB: Greece Should Complete Reforms to Help Banks Reduce Bad Debt

Greece should complete the reforms needed to help banks reduce bad debt and deal with the impact of the COVID-19 pandemic, the European Central...

Greek Banks Make Some Progress in Tackling Bad Loans

Greek banks made progress in tackling bad loans in the first quarter, according to Bank of Greece data released on Tuesday. However, nonperforming corporate, housing...

Juncker Exposes the Greek Government’s Initiative to Sell Off ‘Red Loans’

European Commission President Jean-Claude Juncker said that it was Greece's decision to sell the non-performing loans (NPLs) to foreign funds. Juncker refuted that the Greek...

Four Firms Apply for Red Loan Management License in Greece

Four companies have submitted applications to the Bank of Greece to obtain a license to manage nonperforming loans (NPLs) of households and small businesses,...

Greek HFSF Stability Fund Board Members Tender Resignations

Members of the Hellenic Financial Stability Fund have tendered their resignation to be made effective on July 18, 2016. The decision was made so...

Greece, Creditors Closer to Completion of Bailout Program Review

After four hours of negotiations with creditors' representatives late on Tuesday, Greece is coming close to the completion of the bailout program review. Only one...

Gov’t Sets to Work on Pending Issues: NPLs, Privatization, Contingency Measures

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...

‘Red’ Loans Management to Unsettle Greek Parliament

The hot issues of 'red' loans management and the privatization of the Independent Power Transmission Operator (ADMIE) will be tabled in Greek Parliament on...

Thorny Issues Remain Unresolved in Greece-Creditors Negotiations

The opening of the energy market, the privatization fund and the management of bad loans are the issues stalling negotiations between Greece and creditors. The...

Greek ‘Red’ Loans to be Sold to Foreign Distress Funds

Greece's creditors ask for a comprehensive bad loans settlement plan to be completed and legislated by December 15 as part of the bailout agreement...

Greece-Creditors Still Disagree Over Bad Loans, Foreclosures

The second marathon negotiation between Greece and the quartet of international creditors ended at 5 am on Monday with the issues of bad loans...

Negotiations Between Greece and Creditors Continue to Stumble

A new meeting between the Greek team and lenders representatives is scheduled on Sunday at noon after Saturday's 11-hour negotiation ended with issues still...

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