A. Endria advocates the set up of a bad bank

The governor of the Bank of Greece (BoG), Yiannis Stournaras, expressed the view that the recent bad weather that hit…

The Bank of Greece is working on a plan for the creation of a “bad bank” to which all nonperforming loans (NPLs) of banks will be transferred. Still, as reported by the FT, the EC recently rebuffed an ECB proposal for a euro zone-wide bad bank.

  The SSM has recently put the domestic credit system on high alert, seeing that banks’ business plans for new…