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IMF requests immediate launch of e-auctions

IMF’s deputy spokesman Murray said that “the full implementation of an effective e-auction system is a key reform supported by the IMF arrangement.

This reform, together with other reforms of the debt restructuring legal framework, are essential for banks to be able to reduce their very high level of nonperforming loans.

They need to reduce nonperforming loans so that they can support the resumption of credit and growth in Greece over the medium run.
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