13/12/2024 (Agence Europe) – On Friday 13 December, the European Commission approved the extension until the end of June 2025 of the Greek ‘Hercules’ scheme, which allows Greek banks to alleviate their balance sheets by securitising their non-performing loans. The Greek government provides a public guarantee to the financial institutions (SPVs) securitising the loans, which is applied to the safest tranches of the securities issued. In exchange for this, they are paid a market...