Strengthening the credibility of economic policy through the implementation of reforms, the speeding up of privatizations, and the unblocking of already approved investment plans will increase market confidence in the growth prospects of the Greek economy.
B. Non-performing loans (NPLs) and developments in the banking sector With about € billion in non-performing loans (NPLs) as of mid-2019, equivalent to 43.6% of all loans, Greece remains a crucial testing ground for the strategy of “risk reduction” in the euro area. Although economic activity resumed in 2017, higher and sustainable growth rates require the end of banks’ deleveraging.