Finance

Poor retrieval rate from 'bad banks'

The resolution of Greek credit institutions that were split into "good" and "bad" banks has led to the collection of just 545 million euros out of the 2.45 billion euros in borrowers' debts that had been deemed retrievable.

This amounts to just 21 percent of the amount that is supposed to be recovered from the bad banks, a performance that is quite disappointing.

Greece eyes bailout review deal in early days of 2017 at latest

Greece said on Tuesday it can conclude the latest review of its bailout with its international lenders by early next year but reiterated that its position on fiscal targets and labor reforms remains "unchanged."

Representatives from the country's EU and International Monetary Fund lenders resume talks with Athens later on Tuesday in an effort to break an impasse in negotiations.

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