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Pension bill to be unveiled as govt prepared for fifth post-MoU review
PoliticsGreek Politicsinsolvency code will be one of the top items on the agenda for the talks between the institutions... insolvency code is expected to retain the principle of primary residence protection under stricter... to include two scenarios, one with the existing primary surplus targets and one with reduced targets
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Greece aiming to complete post-bailout monitoring this summer
PoliticsGreek Politicsand primary residence foreclosures. Regarding the issue of protection of primary residences, the Greek...As a cold snap gripped Greece on Monday, the government had more than one reason to look towards... to bundle the remaining SMP and ANFA profits into one 1.5 billion euros disbursement in the summer
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Uproar over minister's home protection comments underscore sensitive nature of challenge
PoliticsGreek Politicsby Greece’s banks, which is seen as one of the main obstacles to growth in the post-MoU era... of the primary residence protection scheme in May could leave more than 150,000 borrowers without a safety... protection of primary residences in any advanced economy in the world, and that the protection
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Launch of new insolvency process may carry political significance
PoliticsGreek Politicsand user-friendly by the public and the media, as the government hopes. One factor that could work against the scheme’s acceptance is that it coincides with the withdrawal of protection for primary residence... of the new insolvency framework, which includes an end to the protection of primary residences for most
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What will it take to reverse the Greek 'brain drain'?
SocietyOne of the more worrying outcomes of Greece’s financial crisis and prolonged recession is the so... of crisis-era emigrants were university graduates, and one third of those held postgraduate degrees... backgrounds have proved more “sticky” in their new countries of residence. This underlines the fact
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Montenegro's vaccination adventure: Lord, bless us with good health
Agora, with health and joy" (“Daj, Bože, zdravlja i radosti”) in one of her songs. Although this hit is now over.... The number of deaths since the beginning of the epidemic exceeded one thousand, and only..., when as many as 18 people died. Although one doesn’t have to be an expert in epidemiology to see
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Deadline for liberalisation of household and SME NPLs looms closer
EconomyApart from pension reform, one of the most socially and politically sensitive issues of the first... corporates and non-primary residence mortgages are allowed. The issue of consumer and SME NPLs... should not deteriorate due to the sale or transfer of the NPL. If a borrower has more than one loans
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Banks and government inching towards new framework to protect primary homes
EconomyProgramme. Eurogroup An agreement on the new framework for primary residences is seen as one of the key...Talks between banks and the Greek government on the primary residence protection framework are due... that, the information regarding exactly what is being discussed remains conflicting. According to one
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Foreclosure bill undergoing final adjustments to satisfy creditors
EconomyProgrammeof the initial proposal put forward by the government with regard to strategic defaulters was one... is below 250,000 euros and they fulfil certain wealth criteria. One of those conditions... by the borrower should be no more than double the threshold for the primary residence i.e. 500,000 euros
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Fifth post-MoU review concludes successfully, EC highlights public investment, NPLs as areas of concern
EconomyProgrammedevelopments have been incorporated in the analysis and confirm the debt’s downward path. In one... has yet to grow. Following the lapsing of the primary residence protection scheme at the end... the first one. By June this year, Athens should have some clarity on the re-purposing of the SMP and ANFA
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