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Why Bank of Greece Governor, despite strong critics, insists on creating a bad bank for NPLs? Which are the next steps Bank of Greece is planning after it selected three top investment banks and consultants that will assist in all aspects of the AMC scheme?

Giannis Stournaras Bank of Greece Governor warned that a new debt crisis may blow in the eurozone if member states do not agree on common action,.

The Governor at Bank of Greece, recommended jointly issued bonds.
It’s also likely that the quality of assets on banks’ balance sheets will deteriorate, and soured loans are expected to increase.