The Bank of Greece and the government have implemented several measures to address the long-standing impediments that dampened banks’ efforts to deal with the problem. As a first step, the Bank of Greece conducted a troubled asset review to assess the operational preparedness and effectiveness of banks’ established policies and practices to deal with the large scale resolution of troubled assets.
Around 20,000 of these are macro-economic time series relating to New Zealand and the global economy. Statistics New Zealand would produce the lion’s share of those 20,000 series. You’ll be relieved to hear that I’m not going to talk about all 20,000 statistics but let me make a few comments about what matters to us as a large scale user.