Bank of Greece says new banking model needed to sustain recovery
The Greek economy is "on track for stabilisation" in 2014, with the current account set to show a surplus this year and a softening in the recession compared with previous years, according to the Bank of Greece's report on monetary policy for 2013.
A major obstacle to credit expansion remains the quantity of non-performing loans held by banks, which makes them more reluctant to extend new loans and deprives them of income from principal and interest payments that could otherwise have been
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