The International Monetary Fund (IMF) discerns risks in Greece’s credit system, according to the post-bailout surveillance report discussed at March 6thExecutive Board meeting, according to Kathimerini.
This is an issue that the Fund has consistently referred to as it considers it of prime significance for the Greek economy. This time sources say the IMF does not directly raise the issue of recapitalization, as it has done in the past, but identifies serious dangers due to the high volume of nonperforming loans.
The Fund is also unhappy with the proposals for the reduction of nonperforming loans and the protection of borrowers’ primary residences that the government is discussing with the European institutions.
Original Story: Ekathimerini | Eirini Chrysolora
Photo: IMF
Edition:Prime Yield