ENGLISH EDITION
Interview of the Bank of Greece Governor with Frankfurter Allgemeine Zeitung
"Risks for banks under the pandemic are mostly credit risks, related to the depth and duration of the recession. Hence, banks should be careful enough to protect their balance sheets, while at the same time using all the considerable flexibility and liquidity granted by the ECB to provide credit to businesses and thus contribute to keeping the productive capacity of the economy intact. It is an unfortunate development that, at the moment that Greek banks had started to achieve a remarkable reduction of non-performing loans (NPLs), the pandemic has increased the risk of a reversal."
