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Newsletter 428 - 21/06/2024
: Development, Migration, Interior, Labour and Agricultural Development. The new head of the Development Ministry is Takis Theodorikakos, who has previously served as Interior Minister. Kostas Tsiaras... is being moved from the Interior Ministry to the Labour Ministry, where she is replacing one of the few
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Home foreclosures and refugee crisis top agenda in Greece-EU talks
PoliticsForeign Policythe pair met on Tuesday. The prime minister went a step further on Wednesday during a joint press... residences, where Athens and the institutions find themselves a substantial distance apart... the protection for primary residences was “unacceptable” and that his government would not agree
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Banks submit new NPL targets to SSM, with sales leading way in reduction drive
EconomyBanking) of the year, Greece’s four systemic banks had met their NPL reduction targets. Excluding off-balance... to primary residences, which are currently protected from foreclosure under the so-called Katseli law... primary residences from repossession. As from the start of this year, applicants for protection
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Government and banks reach deal over new scheme to protect main homes
EconomyProgrammethe institutions as it will mean that one of the biggest post-bailout commitments has been met... primary residences from foreclosure when the extension to the Katseli law runs out at the end... umbrella business loans that have been secured against primary residences, which was not the case
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Outrage at Sunak snub mixed with unease at PM's handling of Marbles talks
PoliticsGreek Politicsthe situation in Gaza, Ukraine, climate change and migration. The prime minister also met the Labour leader... the legislation on the grounds that it provides no protection for primary residences and does not require full... for debtors and a more prominent role for the state in deciding the fate of primary residences
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Greece stands on fault line between vicious and virtuous cycles for 2016
Agoraon. Routine debt servicing and other obligations like the habitual rollover of T-Bills quickly became sources... linked to primary residences. These are combined with the drawing up of a Medium Term Fiscal... austerity measures in 2017 and possibly 2018, and place loans linked to primary residences
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Fresh reminder about pending reforms for Athens, which remains confident on goals
EconomyProgrammeto agree on what the term ‘handouts’ means,” he said. “Is it to promise something you don’t have...” increase in the minimum wage, if the new framework for protection of primary residences (i.e.... of primary residences should be trimmed or remain as they are in the meantime. Reports also suggested
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The agenda of the first programme review shapes up with thorny issues
EconomyProgramme15 allowed the sale of NPLs related to large corporate loans and non primary residence mortgages. For primary residence NPLs, consumer and SME loans as well as state guaranteed loans an agreement..., including those of primary residences. In contrast, an overhaul of the tax system including an increase
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Insolvency bill debate brings implementation challenges to the fore
PoliticsGreek Politicsfor those who lose their primary residence. Special provisions have been included to prevent... of repurchase. SYRIZA has already labelled the bill a “tombstone on primary residence protection,” and warned... argued that the legislation does not protect primary residences but merely offers a more expensive
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Newsletter 493 - 06/02/2026
lowers the risk that a borrower will fail a court‑mandated plan and lose their primary residence... sustainability and primary residence protection over the maximisation of creditor recovery. It delivers..., typically through multi‑year repayment plans that protect primary residences. Under the law, courts
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