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Record FDI flow into Greece raises bar, but is it sustainable?
EconomyFeaturesin 2014 which offers residence permits to foreign investors. Just over 9,600 residence permits were
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What is driving the Greek housing market's recovery?
EconomyFeaturesthe intuitive interpretation. Since the introduction of the investment-based residence scheme in 2014... the scheme remains among the cheapest in Europe. The reluctance to scrap or radically reform the residence
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Athens and lenders continue talks on outstanding actions, aiming to conclude by March 25
EconomyProgrammeof the residual mortgage. Apart from the primary residence framework, Greece is also expected to make... for the protection of primary residences from foreclosure after the two sides failed to agree... of the draft legislation still being discussed are whether business loans secured against primary residences
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Government makes last-minute change to main homes bill in bid to satisfy creditors
EconomyProgrammeresidence scheme, the creditors will be satisfied that the eligibility criteria are not too generous...MPs are due to approve on Friday the new framework for the protection of primary residences from... that the threshold for the balance on business loans secured against primary residences should be no higher than
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Uproar over minister's home protection comments underscore sensitive nature of challenge
PoliticsGreek Politicsof 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... debt Protection of primary residences from foreclosure is linked to the bigger issue of bad debt held
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Launch of new insolvency process may carry political significance
PoliticsGreek Politicsthe 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... is equally critical of the current government when households lose primary residences. Another source
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Opposition frets over foreclosure decision as ND casts net for new faces
PoliticsGreek Politicsborrowers be protected from foreclosures. The issue of primary residence protection is politically... stepped in with its own legislation to protect primary residences. She claimed that funds will now... residences and introduce a new legal framework regarding debt settlements. Third party PASOK also warned
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Funding needs take centre stage in row between New Democracy and SYRIZA
Economyrelates to extraordinary T-Bill issues. The amount of T-Bills stood at 13 billion at the end of November. However, an extraordinary issue of 3-month T-Bills of 1.6 billion on December 10 led the current... published a press release on January 12 noting that the T-Bill amount cannot surpass the 15-billion mark
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Newsletter 49 - 30/10/2015
reportedly demanded that the new eligibility criteria be limited to homeowners whose residence... residences from foreclosure, VAT on private education and pharmacy ownership. On the foreclosures front
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Deadline for liberalisation of household and SME NPLs looms closer
Economycorporates and non-primary residence mortgages are allowed. The issue of consumer and SME NPLs... billion relate to primary residences. In addition, SME and sole-proprietors’ NPEs stand at around 20
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