The International Monetary Fund (IMF) has just reiterated the need to undertake coordinated steps to expedite the reduction of nonperforming loans (NPLs) held by Greek banks.
Greece’s creditors have long cited NPLs as a major vulnerability of the Greek economy.
Speaking during a press briefing in Washington (USA9, IMF spokesman Gerry Rice sid that the organization’s executive board will in March discuss the report drafted by the IMF mission which recently visited Athens within the context of Greece’s post-bailout surveillance.
Original Story: Ekathimerini
Photo: FreeImages.com/Jonte Remos