A closely watched draft bill containing a framework to significantly reduce the level of "bad debt" held by Greece's systemic banks was passed by a Parliament majority on Thursday evening.
Only MPs of ruling New Democracy (ND) party voted in favor of the bill, which implements the "Hercules" plan for reducing NPLs.
The framework mirrors an Italian initiative to reduce NPLs, namely, state guarantees for the securitization of blocks of NPLs.
