Foreclosure bill undergoing final adjustments to satisfy creditors

EconomyProgramme Tags: BoG, ECB, NPLs, Property

The government is looking to the Bank of Greece to provide its assessment of the latest version of the draft law for the protection of primary residences from foreclosure so the bill can be tabled in Parliament and voted on this week, ahead of Monday’s Eurogroup.

Officials from the central bank, the Hellenic Financial Stability Fund (HFSF) and executives from the country’s main banks held talks on Monday about the new framework. It is now up to the Bank of Greece to report back to the European Central Bank on wh...

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