ECB warns draft Greek law could damage banks
Key details of measure are unclear but could be damaging, says ECB
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 print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com