Being a macroeconomist by training, I can see a macro dimension in a drastic solution of the NPEs problem: to me, this is a unique opportunity, • Not only for restructuring business bad debt, but also rebalancing the Greek economy towards export-oriented sectors, while contributing to long-term growth.
• For reducing financial risks of the Greek banking sector, restoring their profitability and improving their internal capital generation capacity, and • Increasing loan supply to healthy and productive enterprises and enabling banks to focus on the new technological challenges ahead, including fintech, blockchain and the digital transformation of payment systems. Thank you very much for your attention.