Finding a balance on NPLs

The issue of nonperforming loans was used during Greece’s debt crisis for the most irresponsible demagoguery. 

But it did remain an acute social problem, which is now being rekindled due to rising interest rates. After their costly restructuring, the banks now have the scope to contribute substantially and find a balance that serves society, without giving ground again to populist irresponsibility. 

Political and economic conditions today favor such a compromise.