Hercules: Two-Speed Securitisations – Wide Gap in State-Guaranteed Balances

Significant differences are emerging in the performance of securitisations under Greece’s Hercules Asset Protection Scheme (HAPS), with some portfolios recording

Eurostat’s decision in coming days on whether the state guarantees offered by the Greek government on the “Hercules” program, amounting…

The crisis in the economy is expected to bring significant changes to the structure and operation of the Hercules plan, with the most characteristic being the increase in the cost of guarantees compared to what had been originally set.