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16
Mar 2025
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Red loans reduced by €25 billion in the third quarter of last year compared to 2019

The significant reduction in private debt is one of the reasons for the upgrades of the Greek economy by the rating agencies

This is the x-ray of private debt

A number of medium-sized debtors face foreclosures without being strategic defaulters

Fines of 790,000 euros imposed on the three major servicers for non-performing loans

"We are putting a shield of protection around borrowers against abusive practices," says Skrekas - See in detail the fines imposed on the three major servicers

New Democracy expels MP Andreas Patsis over ‘red loans’ allegations

The MP was called in by the party secretary to explain his view on the matter

The government guarantees EUR 9 billion through a pillow for the banks

The government is soon awaiting the green light from the European Union authorities for the asset protection scheme (APS)

Greek government and banks agree for protection of main residence

The new legal framework will be introduced to parliament

What did Goldman Sachs learn about Greek banks?

The dominant issue the plan of the Bank of Greece for a drastic reduction in red loans over a three-year horizon

Fewer hotels in Greece since 2015

Overtaxation and leasing to blame