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Out-of-court settlements increase – What the May data show

Of Leonida Stergiou With about 1,500 new applications and at an increasing rate, the out-of-court mechanism of the new bankruptcy is progressing, where 52,000 cases have been collected seeking settlement, total debts of 18 billion (14 billion...

Out-of-court settlements are increasing

Of Leonida Stergiou With about 1,500 new applications and at an increasing rate, the out-of-court mechanism of the new bankruptcy is progressing, where 52,000 cases have been collected seeking settlement, total debts of 18 billion (14 billion...

Strict warnings about bank profitability – red loans from the IMF

By Leonidas Stergiou As Greek banks consolidate, a sustainable increase in their profitability remains key to further enhancing their resilience. According to an IMF report, two main sources of profitability, namely net interest income and commission...

Meetings at the Ministry of Finance to accelerate the new bankruptcy

Of Leonida Stergiou Continuous meetings are held at the Ministry of Finance, with the competent bodies in recent days with the aim of accelerating the extrajudicial mechanism, while in about two weeks a new meeting is expected...

Bankrupt at a remarkable rate

By Leonidas Stergiou The out-of-court mechanism of the new bankruptcy law is proceeding at a particularly slow pace, aiming at the overall settlement of debts to banks and the State of households and companies. ...

The extrajudicial mechanism – The reasons

By Leonidas Stergiou The consensus button for the lifting of banking and tax secrecy is the cause of 30% of fruitless proceedings in the out-of-court phase of the new bankruptcy law. There is also a long...