Changes to primary residence protection proposed in bid to draw more applications

EconomyFeatures Tags: NPLs, Property
Photo by MacroPolis
Photo by MacroPolis

A bill bringing changes to the framework for the protection of primary residences was submitted to Parliament yesterday by the Finance Ministry, which is hoping to boost the number of applications. 

Greece has faced an obligation from its lenders to create a new insolvency framework that also encompasses primary residence protection. In the third enhanced surveillance report, Greece's lenders noted that "the process of the gradual elimination of th...

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