Greece Could Cut NP Stock by Half With Hercules Scheme, Patelis Says

The video discusses the economic challenges in Europe, focusing on Greece's resilience despite a global slowdown. It highlights Greece's strategy to boost growth through political stability, tax reforms, and attracting foreign investment. The Hercules plan is introduced to address bad loans in the banking sector, alongside other reforms to strengthen the economy.

What was the main contributor to Greece's GDP growth despite the global economic slowdown?

• Increased government spending

• Net exports

• Foreign aid

• Domestic consumption

What is one of the key strategies of the Greek government to boost economic growth?

• Attracting foreign capital

• Increasing import tariffs

• Reducing foreign investments

• Raising corporate taxes

Which tax rate is being reduced from 28% to 24% as part of Greece's economic reforms?

• Personal income tax

• Corporate tax

• Property tax

• Value-added tax

What is the purpose of the Hercules plan in Greece?

• To reduce bad loans in banks

• To boost agricultural exports

• To increase tourism

• To enhance public transportation

What is the expected impact of the Hercules plan on non-performing loans (NPLs) in Greece?

• Increase NPLs by 50%

• Reduce NPLs by half

• Eliminate all NPLs

• No impact on NPLs