'Hercules' plan to reduce Greek banks' NPLs ratified by Parliament

A closely watched draft bill containing a framework to significantly reduce the level of “bad debt” held by Greece’s systemic banks was passed by a Parliament majority on Thursday evening, naftemporiki.gr reports

Only MPs of ruling New Democracy (ND) party voted in favor of the bill, which implements the “Hercules” plan for reducing “red loans”.

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Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Pvasiliadis

 

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