Progress in bailout talks but foreclosures and NPL management stand in way of agreement

EconomyProgramme Tags: Banking, NPLs

After lengthy discussions over the weekend, the key issues remaining unresolved in the negotiations of Greek authorities with the quadriga mission chiefs are foreclosures and management of bad loans (NPLs).

The institutions are reportedly not willing to exclude corporate NPLs from the sale process and are not setting any conditions on the NPL sale process.

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