The mounting ‘non performing loan’ problem in Greece

Greece entered its current economic downturn nearly six years ago. Since then, it has given up more than 25% of its GDP while unemployment and especially youth unemployment is skyrocketing. At the end of 2014 we saw the first indications of a return to growth but the recovery remains fragile and uncertain. Political uncertainty, to which the recent change of government is a significant contributor, adds further complexity to the recovery effort.
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