Bankers meet again with government seal deal on foreclosures, NPLs

Representative of Greece's four systemic banks - Alpha, Eurobank, Piraeus, and National Bank of Greece - are holding their second meeting in a week this evening with the government's economic team at the PM's office.

The focus of the meeting will be a new law establishing the framework for the protection of debtors' primary homes from foreclosure.

Plan to offer collateral for NPLs to hold off fire sales

Authorities are considering a proposal that foresees banks being offered collateral for nonperforming loans through a special investment vehicle for their immediate capital relief and the efficient tackling of the bad-loan problem. Kathimerini understands that a study to that effect has already been processed by the Hellenic Financial Stability Fund.