The Deutsche Bank forecast a positive climate for Greece in a report titled “Greece in 2018: Finally some light at the end of the tunnel,” the Deutsche Bank predicts Greece will successfully exit the fiscal program by August 2018, with research analysts suggesting that the successful outcome is based on the fact that “for the first time in a long while political incentives between Greece and European creditors are reasonably well aligned.”
The bank’s analysts said the successful exit hinges on a Greece’s continued commitment to fiscal prudence and structural reform in co-operation with Europe; a normalization of the banking system involving a gradual wind down of NPLs and easing of capital controls; and political stability that in combination with a steady fiscal stance promotes a further recovery in consumer and business confidence.”
Furthermore, the Bank of Greece published data demonstrating that local Greek banks, which comprise around 97% of the banking system, have met their third-quarter 2017 targets for nonperforming exposures (NPEs).
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Source: greekcitytimes.com
