Single Supervisory Mechanism (SSM)
Greece
2016 Set New Record High for NPLs Written-off By Banks
As the financial crisis continues to grip Greece, many borrowers of funds who have non-performing loans (NPLs) are opting to not restructure their debt and to instead wait it out.
The banking sector is very sensitive to the bailout reviews,...
Economy
EFSF Extends Availability of Funds for Greece by Four Months
The availability of European Financial Stability Facility (EFSF) funds for Greece will be extended by four months, following a Friday decision by the facility's board of directors to amend the Master Financial Assistance Facility Agreement (MFFA) for the purpose.
Instead...