Greek Finance Minister Kyriakos Pierrakakis says the country's banking sector has emerged from years of crisis in a strong position and now has a unique opportunity to channel available liquidity into investment, growth and broader economic inclusion.
Measures aim to ease repayment burdens, restore liquidity and expand access to debt restructuring as private liabilities continue to weigh on the economy
Facing more than 100,000 borrowers and elections on the horizon, the government abandoned its hedging on the Supreme Court ruling and chose full compliance over a costly fight.
A new report by IOBE breaks down the private debt figure in Greece: the largest creditor; servicers, and social security obligations
A permanent compensation mechanism is being established for those affected by the collapse of the insurance company "Aspis Pronoia," thus resolving outstanding life insurance compensation claims
Financial sector debts have been on an upward trajectory since the third quarter of 2022, reaching 12.7% as a percentage of GDP in the second quarter of 2023