IMF highlights bailout shortcomings in latest admission of programme errors
Athens warned about missing fiscal targets rather than changing them unilaterally
Finance Ministry, Stournaras disagree over fiscal space for expansionary measures
Athens moves ahead with expansionary measures as it waits for lenders' response
Lenders highlight risks of 'short-term popular' measures unveiled by government
Athens plans to use cash buffer to create fiscal leeway for expansionary measures
EC sets out improvements Athens should make to primary residence proposal
Among the areas of concern highlighted in the European Commission’s second post-programme surveillance report are the household insolvency law and debtor protection schemes, which are examined in the context of the overall financial system stability and the ongoing efforts to reduce the stock of Non-Performing Exposures (NPEs) from the systemic banks.
The protection of primary residences under the household insolvency legislation, known as Katseli law, was introduced at the start of the crisis and has been extended over the years. It was due to expire the end of last year and be replaced by a more co...
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