In fact, even if the operational targets are fully attained by the end of 2021, the NPL stock will continue to be significantly higher than any European average benchmark. Therefore, it is of utmost importance that all relevant authorities, Greek and European, take additional policy initiatives, in order to support the banking sector and address the NPL problem in a decisive and systematic way.
This would mean that delivery-versus-payment transactions could be settled in commercial bank money, ie without the buyer or seller having to pay or deliver upfront. 4. Conclusion The economist John Kenneth Galbraith is credited with the following quote, which I think sums up cash perfectly: "Money is a singular thing. It ranks with love as man’s greatest source of joy.