Launch of new insolvency process may carry political significance

PoliticsGreek Politics Tags: Debt, New Democracy, SYRIZA
Photo by MacroPolis
Photo by MacroPolis

All eyes in Athens were on the visit of Turkish Foreign Minister Mevlut Cavusoglu on Monday, but on the domestic front the Greek authorities are preparing for the implementation from Tuesday of the new insolvency framework, which includes an end to the protection of primary residences for most households.

While Cavusoglu’s visit, which included meetings with Prime Minister Kyriakos Mitsotakis and Foreign Minister Nikos Dendias, will grab the headlines, the launch of the new bankruptcy legislation from the start of June is likely to be more significant fo...

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