Banks and government inching towards new framework to protect primary homes

EconomyProgramme Tags: Banking, Eurogroup, NPLs

Talks between banks and the Greek government on the primary residence protection framework are due to continue this week, with the latter being left under no illusions by its European lenders that it will have to move quickly on this and a number of other issues over the next few weeks if the March 11 Eurogroup is to give the green light for further debt relief measures.

A meeting between the CEOs of the four systemic banks and senior government officials on Monday is said to have led to the two sides moving closer to each other. Government and bank sources told the local media that there were signs of convergence and t...

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