The Greek economy should begin a small recovery in the second half of 2016 if the country's government meets the conditions set by its creditors, the central bank governor has said. An important element of this is tackling non-performing loans (NPLs) in the economy.

The outlook for Greece is "subject to strong uncertainties and risks", Yannis Stournaras told the Bank of Greece's shareholders at their annual meeting. Nonetheless, it is "reasonable to anticipate that the recession will bottom out"