Read time: 2 minutes In a push to tackle Greek’s bad debt exposure, the Greek Parliament has approved a new asset purchase scheme nicknamed ‘Hercules’. The scheme aims to assist Greek banks deleverage their non-performing loans (NPLs) without the need for the government to step in with subsidies. Under the scheme, banks will sell non-performing … Continue Reading
Greek’s bad debt exposure – Hercules to the rescue!
Read time: 2 minutes In a push to tackle Greek’s bad debt exposure, the Greek Parliament has approved a new asset purchase scheme nicknamed ‘Hercules’. The scheme aims to assist Greek banks deleverage their non-performing loans (NPLs) without the need for the government to step in with subsidies. Under the scheme, banks will sell non-performing … Continue Reading
