Moreover, a favourable growth outlook and improving prospects for household disposable income which are associated with the catching-up process, and the current low interest rate environment, are likely to make it easier for private sector borrowers to service their debts.
BIS central bankers’ speeches  1  Although the immediate risk of a Grexit has receded, following an agreement to a four-month extension to its EU/IMF bailout programme, significant risks remain as some € billion in loan, bond and interest repayments is due in the next few months.