Athens looks to overcome APS snags as it awaits green light from Brussels

EconomyBanking Tags: Banking, EC, ECB
Photo by MacroPolis
Photo by MacroPolis

Finance Minister Christos Staikouras was due to meet the CEOs of Greece’s four systemic banks on Thursday as the government appears to be stepping up its efforts to secure approval for the Asset Protection Scheme (APS) aimed at reducing the giant pile of NPLs on their balance sheets.

The meeting comes a day after Prime Minister Kyriakos Mitsotakis and some of his top ministers and aides held talks with outgoing European Central Bank president Mario Draghi in Athens. Draghi was in the Greek capital to be awarded by the Academy of Ath...

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