Government makes last-minute change to main homes bill in bid to satisfy creditors

EconomyProgramme Tags: ECB, Eurogroup, NPLs, Property
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

MPs are due to approve on Friday the new framework for the protection of primary residences from foreclosure after the government made a last-minute change on Thursday, aiming to satisfy Greece’s lenders ahead of the April 5 Eurogroup.

The government amended the draft legislation so that the threshold for the balance on business loans secured against primary residences should be no higher than 100,000 euros, rather than the 130,000-euro limit in the original bill.

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