Bad loans; Greece’s banks have €90 billion in non-performing loans (NPLs) on their books as of late 2018, equivalent to 43% of all loans -> urgent need for a restructuring to enable bank capital to be freed up and lending to resume.

Bad loans; Greece’s banks have €90 billion in non-performing loans (NPLs) on their books as of late 2018, equivalent to 43% of all loans -> urgent need for a restructuring to enable bank capital to be freed up and lending to resume. https://t.co/c9L3OP5ezv pic.twitter.com/yngxFVqF3H

— Adam Tooze (@adam_tooze) February 4, 2019