etc.). In all the above issues and many more, the Bank of Greece soon will have all the answers given Governor Stournaras’s strong commitment for quick results. One last word. Some claim that there is an issue with the Hercules scheme because of the unfavorable market conditions due to the pandemic.
The objective should be clear: every effort should be made, “incentivise” is the key word here, to ensure the attractiveness of the scheme to private investors, other things being equal. In addition, the envelope of the Hercules APS could be further increased with COVID-19 NPLs and/or more legacy loans. Time is short and it is a superfluous luxury to waste it.