BUSINESS

Two thirds of Greek businesses unable to service loans

Two thirds of Greek businesses are unable to service their loans, according to the Bank of Greece.

According to an announcement by the central bank, which followed an assessment of the increase in enterprises which are experiencing problems with loan payments, one third of Greek businesses are healthy and have significant prospects. Enterprises whose debts correspond to around 20 percent of the total of their loans were deemed to be in a healthy state.

The bank also deemed that a significant proportion of Greek enterprises would see their prospects improved by some kind of loan restructuring.

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