The second line of action is associated with the removal of obstacles to active management of non-performing loans. The Bank of Greece, in cooperation with the State, proposed a series of legislative initiatives that aimed at lifting various obstacles to the effective management of NPLs.
Moreover, the decision by the ECB’s Governing Council to lift the waiver affecting marketable debt instruments issued or fully guaranteed by the Hellenic Republic will soon be  BIS central bankers’ speeches  3  re-examined and should be revoked, as in similar cases in the past, as long as Greece fulfils its current agreement with its EU partners.