If a country has a problem with its banks, the thing to do is to come up with a strategy and execute it swiftly. The trouble with Greece is that it has too many plans — and is taking too long to choose between them. The Greek banking system is saddled with a very large number of non-performing loans, a legacy of protracted recession. Nearly half of all loans have gone sour, according to Bank of Greece data, and that’s only marginally less bad than the nadir of a year and a half ago. The quality of the banks’ capital is also dubious. More than 50 percent of the combined capital of the country’s four biggest lenders is ... (full story)