Greek banks association tables proposals for out-of-court settlement framework; promises EU to slash NPLs by 2019

The Hellenic Bank Association (EET) on Tuesday said an out-of-court settlement framework should be limited to businesses entities that owe a minimum of 50,000 euros in arrears, whereas a “suspension clause” -- from the period from when a debt relief petition is filed until it is adjudicated -- should also be abolished.
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