ECB warns draft Greek law could damage banks

Key details of measure are unclear but could be damaging, says ECB

Greek flag

The European Central Bank has strongly criticised the Greek government over a new draft law designed to give relief to private debtors.

The ECB said in an official opinion that the law could harm Greece’s efforts to deal with its high level of non-performing loans (NPLs), and damage the country’s banks. The draft law was proposed by the country’s coalition government, led by the left-wing Syriza party.

Under the law, debtors could apply for relief for loans on their primary residences, if

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.