Global

Intrum: European business are preparing for a historic recession

In Greece, among other southern Europe countries, 53% say that debtors in financial difficulties is going  to be one of their top three payment challenges over the next year – the highest across all regions, and well above the European average . The situation is not expected to improve. Six in 10 businesses expect the risk of late payment to increase over the next 12 months.

Highlights

Τhe ambiguous role of Deloitte in the NPL market.

Τhe BoG Governor, after pointing out the wrong assumptions adopted by Deloitte, advised banks to wait for the amended version of the bankruptcy code to be presented by the government and assured them that the BoG will continue to actively participate in talks aimed at improving provisions of the bill.