The status of the Greek banking system and its non-performing loans (NPLs) will be the main issues discussed in a meeting between Finance Minister Euclid Tsakalotos and the Chair of the Supervisory Board at the European Central Bank (SSM), Daniele Nouy, in Frankfurt on Thursday, the ministry said on Wednesday
The changes to the Greek bank managements must be carried out the latest by October, while NPLs are a central aspect of the upcoming second bailout program review. In that sense the two issues are correlated as the new boards will have to address the implementations of any measures taken for NPLs.
The meeting will be held at the ECB headquarters at 13:00 (local).