“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 announced on Tuesday, according to ANA.
Addressing a Greek Economic Summit organized by the American-Hellenic Chamber of Commerce, Stournaras noted 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.
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