Story perspectives
Eliminating Zombie Companies Could Boost Greece's Economy
1/26/2025
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Story summary
- A study by IOBE indicates that zombie companies drain resources, stunting growth for viable firms in Greece.
- Nonperforming loans (NPLs) fell by 40% from 2016 to 2023, resulting in an €8 billion increase in business loans.
- Cutting down zombie firms could boost manufacturing investments by 4.2% each year, improving employment and productivity.
- Swift NPL resolution is essential for Greece's economic recovery.
