So, once Greek bonds reach investment grade, which I hope will be sooner rather than later, they will certainly be part of the APP. Greece still has the highest level of non-performing loans (NPLs) in the EU. The Greek government has already launched the “Hercules” plan in an effort to reduce the stock of NPLs, and more actions are planned.
Taking into account the ongoing normalisation of the Greek financial sector, what are the prospects for the banks to provide the necessary efficient allocation of credit in Greece, with the aim of supporting economic activity and growth? When you look at the progress of the Greek economy, you realise that it is performing quite well. Greece is outperforming the majority of its peers.