Greece sizes up task of restructuring corporate debt

Economy Tags: Debt

The Bank of Greece (BoG) released on Friday the findings of a recent workshop in which representatives from the Finance Ministry, the EU, banks, corporates, international experts and consulting firms participated, generating a clear idea of what kind of debt restructuring would be needed for Greek corporates.

The key theme of the workshop was the increasing number of corporate loans that face debt servicing problems. The studies presented during the workshop showed that one third of Greek corporates are in a “perfectly healthy” condition and have growth oppo...

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