ECB's negative opinion on foreclosure bill creates another obstacle in bailout talks

EconomyProgramme Tags: Banking, ECB
Photo by Harry van Versendaal
Photo by Harry van Versendaal

There has been no official response from the Greek coalition to the European Central Bank (ECB) publishing on April 10 its opinion on the draft law on the suspension of primary residence foreclosures until the end of 2015.

The ECB opinion on the bill submitted by the Economy Ministry on March 4 is not binding for the Greek government but suggests that this is another issue that could become an obstacle in the ongoing bailout negotiations between Athens and its lenders.

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