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PM unveils 'Greece 2.0' plan to use EU recovery funds, transform economy
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Finance Ministry grapples with escalating cost of pandemic
Pandemic drove 28.4 bln of bank loans into moratorium last year
Fitch keeps Greece at 'BB' rating as risks remain on horizon
S&P highlights risks for Greek banking sector
Greek banks still face higher economic risks than most banking sectors globally, while the country’s economic prospects remain highly uncertain, S&P notes in its latest report on local lenders released on Wednesday evening.
Against this backdrop, the rating agency expects banks to book high credit losses in 2016 and 2017, despite the large loan provisions of the last five years. In addition, low interest rates, the high stock of non-performing loans (NPLs) and funding imba...
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