GREECE: A review of the Greek non-performing loan market in 2018

Following the Wall Street Collapse in 2008, and the subsequent effects on a global scale, Greece’s Economy has been facing unimaginable financial difficulties. In 2009 the government announced its finance problems to the public, leading to 2010 and the complete shut out by the financial markets. European Union’s representatives, Troika, which consists of three European bodies, namely the European Commission (EC), the European Central Bank (ECB and the International Monetary Fund (IMF),issued bailouts to save the country from economic destruction and avoid the drifting of the whole European Economy. The whole plan was to provide the country with time to be able to repair its economic problems, but not only the measures were unsuccessful on a macroeconomic level, they also lead to unprecedented economic misfortunes for the population.

A review of the Greek non-performing loan market in 2018 [pdf]

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