non-performing loans

Greece is the euro zone champion in non performing loans, according to a study conducted by the International Monetary Fund. Bad loans in euro zone countries add up to almost 900 billion euros, and about 100 billion are owed by...

The representatives of Greece’s official lenders appear to have rejected the government’s proposal for tackling the problem of “black money” by charging fines of up to 35% to those who claim they "forgot” to declare income. Instead, it has been...

The second marathon negotiation between Greece and the quartet of international creditors ended at 5 am on Monday with the issues of bad loans and primary residence foreclosures still unresolved. According to sources close to the talks, the Greek team...

Greek bankers estimate that the amount of non performing loans created in the first two months of 2015 amount to 2 billion euros. This is twice the amount of new bad loans created in the last two months of 2014,...

The Greek state's last meeting of the first round of negotiations with the heads of the troika is currently underway at the Finance Ministry. The heads of the troika are expected to leave Athens later in the day and return...