Lower deposits bad loans block liquidity

The wave of nonperforming loans (NPLs) has cost Greek lenders more than 30 billion euros over the last few years, hampering the normalization of conditions that would allow for the provision of desperately needed liquidity to the economy, bank officials claim.The other major block has been the steep drop in deposits, which shrank from 237 billion euros at the end of 2009 to 162 billion last June. ...

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