Compared to March 2016, when the Greek banks’ stock of NPEs reached its peak, there is significant reduction of around 21% mainly due to write-offs and loan sales, which reached the amount of € billion.
Key risks to the economy are posed by an escalation of the military conflict with Russia and a longer-than- expected global price surge In particular, considerable uncertainty over whether or not the military conflict will escalate could worsen expectations and cause investors to put off their investment decisions, which would dampen economic recovery.