ENGLISH EDITIONNational Bank settles for secondary role in Greek economy
NBG seems to be failing in its role as a mediator, to transform deposits into loans. At a critical juncture for the country, it is unable to meet its historic role as a bank with a special role in the banking system and financing the economy. The bank is lending, but less than what it is being repaid, at a time when restarting the economy requires accelerating credit growth.