BoG working towards other systemic solutions for NPLs, governor says
- Written by E.Tsiliopoulos
The "Hercules" plan is an important systemic solution towards reducing non-performing loans. But the issue does not end here, as the plan will help to settle NPLs worth around 30 billion euros from a total of 75 billion, leaving another 40 billion euros, Bank of Greece's governor Yannis Stournaras said on Tuesday.
Addressing a Greek Economic Summit organized by the American-Hellenic Chamber of Commerce, Stournaras said that the central bank was working towards other systemic solutions that will also address the deferred tax issue of Greek banks that helped during the crisis but now hinders the attraction of private investors.
Referring to the current economic condition, Stournaras said Greece is now facing the future with more optimism, but noted that one cannot underestimate the problems left by the crisis. He stressed that reforms will lead the country to higher economic growth and social prosperity.
Related items
-
The programs for hosting diaspora children by the General Secretariat of Hellenism Abroad continue
-
Anne Hathaway: In Hydra for a vacation with her family
-
Pyrros Dimas: Photographed with Snoop Dogg in France
-
Tourists in Skiathos continue dangerous habit of sitting in back of planes while turbine kicks on (video)
-
Dendias after LoA signing: acquisition of F-35s will lead Hellenic Air Force into a new era
Latest from E.Tsiliopoulos
- The programs for hosting diaspora children by the General Secretariat of Hellenism Abroad continue
- Anne Hathaway: In Hydra for a vacation with her family
- Pyrros Dimas: Photographed with Snoop Dogg in France
- Tourists in Skiathos continue dangerous habit of sitting in back of planes while turbine kicks on (video)
- Dendias after LoA signing: acquisition of F-35s will lead Hellenic Air Force into a new era