Following years of deliberation, the Greeks are now attempting to clear up many of the difficulties that had prevented potential private sector originators from accessing the securitization market. Preliminary reports indicate the new Greek securitization framework is extremely user-friendly, and in need of only nominal changes, ones that will likely be addressed once the market gets underway.

As of press time, the law was awaiting official publication in the government gazette, in order to become actual law - and already the market's bursting with possibilities.

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