Tag Archives: conditionality

Oct 13 2016

The Political Economy of NPLs resolution: Ownership and conditionality

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By Eleni Panagiotarea Greece’s non-performing exposure ratio is the second highest in Europe, largely linked to the unprecedented contraction of domestic economic activity in recent years. Causality is known to go both ways, with persistently high non-performing loans (NPLs) constituting … Continue reading

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