IMF consultation report pinpoints health of Greek banks as central to growth

EconomyBanking Tags: Banking, IMF, NPLs
Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]
Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]
In the Article IV consultation report that was published on Friday, the International Monetary Fund (IMF) took a detailed look into Greece’s banking sector, as the Fund has repeatedly stated that restoring Greek banks back to health is a prerequisite for the country to attract investment and achieve higher growth rates, while it remains an area of fiscal and wider financial stability risks.

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