Financial Crisis and Non-Performing Exposures in Greece:
A recent paper of Professor Gikas A. Hardouvelis with a brief history of the last 10 years, plus a detailed analysis, of the Greek Systemic Banks and their NPE challenges.
CONTENTS:
Executive Summary
- The turbulent history of Greek banks during the crisis: A brief review
- Non-performing exposures and the Damocles swords of capital adequacy and DTC
- Bank profitability under pressure
- The bidirectional interaction between banks and the economy
- Conclusion
The article is translated from the original article in Greek, forthcoming in a book of conference proceedings, entitled: “Obligations of Financial Institutions, Proceedings from the 29th Panhellenic Conference on Commercial Law,” pp.245-298, edited by the Association of Greek Commercialists, Nomiki Vivliothiki, Athens, 2021.