The proposal is intended to provide a systemic solution to this problem, without imposing any additional burden on the Greek taxpayer. As said before, this proposal effectively addresses two key issues faced by Greek banks: NPLs and deferred tax credits (DTCs), currently accumulated on banks’ balance sheets.
Single market Furthermore, let us not forget that the euro area of the 17 countries is participating actively in the larger Single Market of the 27 member countries of the European Union. The Single Market forms an integral part of the wider Europe 2020 strategy for smart, sustainable and inclusive growth.