The effective policy framework that helped Greek banks to decrease non-performing loans ratio to single digits

Nikolaos Petrakis

MPRA Paper from University Library of Munich, Germany

Abstract: In early 2010, Greece's financial condition was unsustainable, necessitating the implementation of ambitious economic adjustment programs. The fiscal austerity measures launched by the Greek government in agreement with its official creditors ( IMF, ECB and European member states) led to a rather deep recession as GDP dropped by 25% and unemployment peaked at 25%. Households' income, corporations’ profit, as well as their debt-paying ability decreased significantly leading to a huge amount of non-performing loans (NPLs). This paper provides a complete analysis of the measures introduced by the Greek government to stabilize Greek banks and reduce NPLs ratio at single digits.

Keywords: non-performing loans; securitizations; Hellenic Asset Protection Scheme (search for similar items in EconPapers)
JEL-codes: G21 (search for similar items in EconPapers)
Date: 2025-08-28, Revised 2025-09-08
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Published in Annals of Social Sciences & Management Studies 1.12(2025): pp. 1-7

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