Displaying items by tag: red loans

Non-performing loans amount to around 80 billion euros, Development Minister Nikos Dendias told Ant1 TV today, noting that the government plans to deal with the issue as part of efforts to restore market liquidity.

Finance Minister Gikas Hardouvelis presented Greece's economic progress to troika representatives of Greece's lenders at a meeting in Paris on Tuesday evening.

Loans in the red have reached epidemic proportions as is borne out of the annual report from the Bank of Greece, showing they have multiplied six-fold over the last five years.