Analysis

Ahead of pandemic, Greek consumers in most dire position in Europe-survey

Greek consumers are struggling the most in Europe with nearly two-thirds saying that they can’t keep up with rising living costs, according to an annual consumer survey put together by Intrum. Only 56% of Greek consumers are confident in their ability to pay their bills.

Finance

10% GDP contraction puts NPL secondary market to a bumpy road

A prolonged recession in Greece will surge defaults and bad loans. A negative impact is also expected on the secondary NPL market. European Commission and the IMF forecast a 10% contraction this year.
Greek banks still carry most of NPLs in their balance sheet.