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Monday, September 29, 2014

Private Bad Debt Buildup Casts Shadow on Greek Rebound

To Aristides Belles, it's clear what's blocking Greece's recovery: a quiet build-up of about 164 billion euros ($208 billion) in private bad debts. "The inability of Greek companies to repay their loans to banks and their dues to the state is clearly holding back Greece's return to growth," said the chief executive officer of Athens-based Nireus Aquaculture SA, a producer of sea bream, sea bass ...


READ THE ORIGINAL POST AT finance.yahoo.com