Deadline looms for troubled home protection scheme as insolvency law is lined up

Economy Tags: Banking, NPLs, Property
Photo by MacroPolis
Photo by MacroPolis

The sensitive issue of protecting primary residences from foreclosures, which over the last decade was dealt with by the so-called Katseli law that was introduced very early in the crisis and then extended by subsequent administrations, is starting to move up the agenda of key stakeholders.

Following the latest four-month extension to the framework adopted by the current Greek government, all protection is due to expire by the end of April, serving to concentrate the minds of all those involved in the process.

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