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Book Launch

Non-Performing Loans and Resolving Private Sector Insolvency: Experiences from the EU Periphery and the Case of Greece

Speaker :

Professor Nikolaos V. Karamouzis
Chairman of the Board of Directors of the Hellenic Bank Association(HBA) & Chairman of the Board of Directors of Eurobank Ergasias S.A

Dr Platon Monokroussos
Group Chief Economist of Eurobank Ergasias S.A. & Visiting Professor in Practice, Hellenic Observatory, LSE

Professor Christos Gortsos
Professor of Public Economic Law, Law School of the National and Kapodistrian University of Athens

Chair & Discussant : Professor Dimitri Vayanos

Professor of Finance, Department of  Finance, LSE

Date :

Monday 16 October 2017

Venue :

Wolfson Theatre, New Academic Building, LSE

Time :


          Book Launch_Non Performing Loans

For a selection of photographs click here: Photos


Book Abstract

Book Cover

This book explores the issue of private sector over-indebtedness following the recent financial crisis. It addresses the various challenges for policymakers, investors and economic agents affected by applied remedial policies as the private non-financial sector in Europe continues to face increased challenges in servicing its debt, with the problem mainly concentrated in several countries in the EU periphery and Eastern Europe.

Chapters from expert contributors address reduced investment as firms concentrate on deleveraging and repairing their balance sheets, curtailed consumer spending, depressed collateral values and weak credit creation. They examine effective policies to facilitate private sector debt restructuring which may involve significant upfront costs in terms of time to implement and committed budgetary resources, as well as necessary reforms required to improve the broader institutional framework and judicial capacity. The book also explores the issue of over indebtedness in the corporate and household sectors, contributing to the literature in establishing best practice principles for dealing with private sector debt.

For more information on the book, please visit Palgrave



Speaker's & Chair Biography


Professor Nikolas Karamouzis holds the position of the Chairman of the Board of Directors of Eurobank Ergasias S.A.. He is the Chairman of the Strategic Planning Committee and Member of the following Board Committees: Risk Committee and Nomination Committee. He is also Member of the Bank’s Legal Council, as well as BoD Member of Eurobank Cyprus Ltd and he is the Chairman of the Board of Directors of the Hellenic Bank Association (HBA). Nikolaos Karamouzis holds the position of Emeritus Professor at the University of Piraeus in Greece and held until September 2013 the position of Professor at the Department of Banking and Financial Management at the same University.


Professor Christos Gortsos is Professor of Public Economic Law at the Law School of the National and Kapodistrian University of Athens. In addition, inter alia, he is Visiting Professor at the European Institute of the University of Saarland and Research Partner in the University Research Priority Program Financial Market Regulation of the University of Zürich. He also has teaching assignments at the European Institute of the University of Zürich and at the European Law Academy (in Trier, Germany) and is a member of the Committee on International Monetary Law of the International Law Association.


Dr. Platon Monokroussos is Group Chief Economist and Deputy General Manager of Eurobank Ergasias S.A. He is a Visiting Professor in Practice at the Hellenic Observatory of the London School of Economics and Political Science. He is Chairman of the Scientific Council of the Hellenic Bank Association and its representative to the Chief Economists’ Group (CEG) of the European Banking Federation. Before joining Eurobank, he held high-level positions in leading financial institutions, including ABN AMRO and Bank of America


Professor Dimitri Vayanos is Professor of Finance in the Department of Finance and Director of the Paul Woolley Centre for the Study of Capital Market Dysfunctionality at the LSE. He is a Fellow of the British Academy, a Director and former Managing Editor of the Review of Economic Studies, a Research Fellow at CEPR and a former Director of its Financial Economics program, a Research Associate at NBER, and a former Director of the American Finance Association.


 *** Twitter Hashtag for this event: #LSEGreece 






Click here for the Powerpoint


Click here for the Podcast