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Greek Government Unveils New Banking Measures and Housing Initiatives

The Greek government is set to introduce immediate measures aimed at alleviating pressures in the banking sector. Deputy Minister Thanasis Kontogeorgis highlighted improvements in banking operations, with non-performing loans dropping below 5%. The government seeks to facilitate credit expansion for citizens and address significant housing challenges faced by the youth. A new €2 billion housing initiative aims to support 30,000 beneficiaries by subsidizing mortgage payments, alongside plans to bring vacant properties to the market, thereby aiming to stabilize housing prices.

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