ATHENS – Despite progress made by Greek banks in reducing their stock of non-performing loans, there is no room for complacency since early signs showed there are new flows of NPLs and an increase in the settlement of loans, Christina Papakonstantinou, vice-governor of the Bank of Greece said on Tuesday.
Addressing the 4th NPL Summit, Papakonstantinou stressed that the experience so far from the implementation of a new bankruptcy legislation was positive but not satisfactory, adding that the pandemic created malfunctions in certain mechanisms. She noted that it was of the highest importance from now on to use all legislative tools and to support debtors with a sustainable outlook.
Commenting on developments in the so-called secondary loan market, Papakonstantinou said that this market could – under some conditions – attract the interest of new investors. A total of 23 servicers are operating in the Greek secondary NPL market, with three of them accounting for 80% of a market valued at 123 billion euros (end 2021).
ATHENS - A sudden revival in world interest in the stolen Parthenon Marbles housed in the British Museum for more than 200 years has now seen the Hellenic Caucus in the US Congress join in the battle.
FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.
CASPAR BEACH, Calif. (AP) — A welding hammer strapped to her wrist, Joy Hollenback slipped on blue fins and swam into the churning, chilly Pacific surf one fall morning to do her part to save Northern California's vanishing kelp forests.
NEW YORK - Embattled New York City Mayor Eric Adams - a former police officer in his first term - has found himself between a rock and Turkish Taffy with an investigation into his campaign fundraising and ties to Turkish influences.
ATHENS - Greece is grappling with a dilemma over its biggest revenue engine, tourism: keep people coming year-round to bring in the euros but how to deal with so many overwhelming the infrastructure on popular islands.
NICOSIA - Police on Cyprus said they arrested two people for “national security” reasons after media reports that two Iranians were suspected of planning attacks on Israelis who fled to the island during Israel’s war with Hamas in the Gaza Strip.
ATHENS - A sudden revival in world interest in the stolen Parthenon Marbles housed in the British Museum for more than 200 years has now seen the Hellenic Caucus in the US Congress join in the battle.
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