Restoring growth and financial stability: how Greek banks contributed

Srichander Ramaswamy

Discussion Papers from European Stability Mechanism

Abstract: The European Stability Mechanism (ESM) is evaluating the Greek financial assistance programmes to learn lessons that could enhance its ability to address possible future crises. This discussion paper provides input for this exercise by focusing on banking sector reforms within European Financial Stability Facility (EFSF) and ESM programmes. It examines how the banking sector performed, problems in implementing some reforms, and how banks contributed to Greek economic growth, performance, and the financial system’s resilience to counter potential future shocks.

Pages: 47
Date: 2020-06-11, Revised 2021-10-25
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