Banking giants, with assets of over 4 trillion. and millions of customers around the globe bring Greece to the forefront of international trade, n November.

Eurobank, Greece’s third largest lender, said on Thursday it will sell a 1,5 billion Euro pool of non-performing loans to Swedish hedge fund Intrum, as part of efforts to reduce its load of sour debt and meet targets agreed with regulators.

The reasons why the Greek crisis was so profound and long-lasting, and why Greece was currently the only country that had yet to emerge from memorandum programmes, were the focus of a Eurobank analysis unveiled on Wednesday.