George Zavvos: The zero risk weight issue on Hercule’s senior bonds, is resolved

The Ministry of Finance is preparing the new “Hercules-Asset Protection “ plan with the aim of having the draft law ready…

Despite the turmoil suffered by the economy due to the pandemic, the Finance Ministry, banks, and loan servicers have been drawing on all means, including the Hercules plan, to reduce existing non-performing loans and manage the new wave of bad debt expected.

The significant impact the coronavirus is believed to be having on the Greek economy has led the Single Supervisory Mechanism…