Moody's explains cautious approach to Greek credit rating upgrade
PDMA readies bond schedule for 2019, with eye on prepayment of IMF loans
Retail turnover in June grows strongly led by fuel and supermarket sales
Economic sentiment remains stable as retail confidence materially improves
Employment balance year-to-date posts record despite more departures in July
Fitch upgrades Greek rating to 'BB-', three notches from investment grade
Greek banks’ loan quality is deteriorating
One of the most worrying conclusions to emerge from the conference calls that followed the announcement of the Greek banks’ 2014 financial results was the deterioration of the quality of their Greek loan portfolios in the first two months of the year.
This was mostly evident in household lending portfolios and particularly in housing loans, ahead of the implementation of SYRIZA’s proposal for a settlement of non-performing loans (NPLs), which has still not been specified.
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