Non performing loans
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Economy
Despite Slow Growth, Italy Successfully Ditches More Bad Loans
Even while Italy’s economy is just barely avoiding a recession, notable progress has been made to erase a portion of…
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Economy
Greece Sets Sights on Lower Taxes and Debt
Massive strides are being taken to cut down remaining debt from bad loans – a major deterrent in Greek banks’…
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Economy
Greece Marks Major Economic Milestone in Advance of a Month of Financial Planning
On September 1st, Greece achieved an economic milestone. Capital controls imposed in 2015 at the height of the financial crisis…
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Portugal
Portugal’s Innovation Reduces Bad Bank Loans
Portugal’s sovereign debt crisis in 2011-2014 caused a rash of bad, or non-performing loans, which are loans either in default,…
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Cyprus
Defying Expectations, Nicosia’s Budget Produces Surplus for the Fourth Year Running
For the fourth year running, the Cypriot national budget will produce a surplus. This is good news for the country’s…
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Cyprus
Cypriot Economy Continues Upward Climb
Standard & Poor’s has just upgraded Cyprus’s sovereign credit rating back to investment grade, after more than six years of…
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Cyprus
Head of Cyprus Chamber of Commerce and Industry Hopes to Bring the Country to the Digital Forefront
For 91 years, the Cyprus Chamber of Commerce and Industry (CCCI) has been working with both the Cypriot business community…
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Spain
Spain’s SAREB Charts Europe’s Course for Healthy Banking Systems
With each new project that SAREB puts its hand into, Echegoyen says the key is transparency. “Pain is the touchstone…
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Spain
Revival of Spain’s Banks Creates Recovery Model for Europe
Few narratives are more rousing than a classic underdog story. A protagonist that confounds expectations by overcoming seemingly insurmountable obstacles…
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Economy
IMF Confirms Portugal’s Economic Revival, But Calls for Increased Efforts to Maintain Growth
The International Monetary Fund (IMF) published the results of its Sixth Post-Program Monitoring of Portugal at the end of February.…
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