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Athens aims to wrap up legislation on foreclosures and issue 10-year bond
EconomyProgrammeFollowing further discussions between the Greek government and the institutions over the weekend, Athens is hoping to submit to Parliament in the coming days the draft legislation protecting primary residences from foreclosure.
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EC sets out improvements Athens should make to primary residence proposal
EconomyProgrammeAmong 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.
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Brussels highlights lagging reforms ahead of decision on debt relief measures
EconomyProgrammeThe European Commission issued on Wednesday the second review in the content of enhanced post programme surveillance of Greece.
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European Commission report due to set tone for build-up to March 11 Eurogroup
EconomyProgrammeThe government is waiting for the European Commission to publish on Wednesday its report assessing the state of play with the reforms Greece has committed to carrying out as part of the second post-programme review.
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Athens adjusts foreclosure framework, waits for lenders to give green light
EconomyProgrammeThe Greek government is hoping to table in Parliament early next week the new bill for the protection of primary residences from foreclosures after another round of talks with local bankers on Thursday.
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Tweaks to proposal on protection of main homes likely to be needed
EconomyProgrammeIt appears that the Greek government still has work ahead of it to refine the proposal for the protection of primary residences as the institutions have a number of objections.
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EU officials suggest frantic days ahead for Athens until March 11 Eurogroup
EconomyProgrammeComments made to Reuters by European officials regarding the possibility of eurozone finance ministers delaying a decision to disburse up to 750 million euros to Greece on March 11 have raised concerns in Athens, where the Finance Ministry is waiting for a response from Brussels to its proposal for a new scheme to protect primary residences from foreclosure.
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Athens waits for response from institutions on primary residences proposal
EconomyProgrammeThe government and the banks are waiting for a response this week from the institutions and the European banking supervisory authorities regarding the proposal for the framework that will succeed the Katseli law.
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Government and banks reach deal over new scheme to protect main homes
EconomyProgrammeThe government and Greece’s bankers appear to have reached an agreement on the framework to protect primary residences from foreclosure when the extension to the Katseli law runs out at the end of February.
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Athens prepares new primary residences proposal after finding common ground with banks
EconomyProgrammeThe Greek government and local banks are reportedly making progress in their discussions about how to replace the Katseli law, which expires at the end of the month, with a new framework for protecting primary residences from foreclosure.