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  1. EC sets out improvements Athens should make to primary residence proposal

    EconomyProgramme

    of the property value, lower interest rates with a 2 percentage points (pps) premium over Euribor... loans secured by primary residence collateral. Additionally, the new scheme creates an additional... a number of issues regarding the proposed scheme that relate to banks’ balance sheets and the overall

    100%
  2. Changes to primary residence protection proposed in bid to draw more applications
    Photo by MacroPolis

    EconomyFeatures

    applications for protections not yet completed. The new law will allow those renting homes in a different area to their main residence to apply for protection. This concession covers mainly those who live... application process for the protection of a primary residence. The data showed that 44,446 users

    65%
  3. Newsletter 197 -8/03/2019

    Newsletters

    Foreclosure hurdle not cleared yet Primary residence dicussions continuing as hopes of Eurogroup... by the borrower should be no more than double the threshold for the primary residence i.e. 500,000... borrowers who have applied for protection under the Katseli law but have not yet been Foreclosures

    51%
  4. Newsletter 18 - 06/03/2015

    Newsletters

    bare-knuckle fight between left and right. They do not seem to have yet realised that they are the ones in power. The fact this mental, and practical, transition has not yet happened is leading... weeks (on March 11 and 18, respectively) and relate to the roll-over of 3-month T-Bills worth 1.6

    47%
  5. General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up

    EconomyMacroeconomy

    entities. Similar to January, the state budget recorded the highest surplus at 852 million, yet... million euros, of which 181 million relate to hospitals and 119 million to social security funds. State

    43%
  6. Greece's golden visa scheme brings revenues, but risks as well

    EconomyFeatures

    properly known as the “Residence Permit for Investment Activity in Greece”, gives investors and their immediate family a five-year residence permit. To qualify, under Law 4251/2014, applicants must buy... European country. Holders of the residence permit have a right, but not an obligation, to reside

    40%
  7. Programme review talks continue, progress on tax, pensions and NPLs at a premium
    Photo by MacroPolis

    EconomyProgramme

    that primary-residence backed mortgages can be exempted from NPL sales for three years. Stathakis...-residence housing NPLs was recently extended until April 15 through a legislative amendment.

    37%
  8. Post-Covid era dawns on new landscape for bad debt in Greece
    Photo by MacroPolis

    EconomyFeatures

    of primary residence to the initiation of bankruptcy proceedings, providing a mechanism for borrowers... by ceding the property to a specially set up state body. The scheme has yet to be tested, as the agency... is due to come into effect in July 2021. The size of the primary residence problem has not been

    36%
  9. Disbursement delayed until April as lenders wait for primary residence law to be settled
    Photo by EU Council via Flickr https://flic.kr/p/gDK7GV

    EconomyProgramme

    the government and the institutions over the new primary residence framework are holding up the green light... president Valdis Dombrovskis also said there had been significant progress on the primary residence.... In the meantime, work will have to continue on the details of the primary residence framework, which is due

    36%
  10. Newsletter 17 - 27/02/2015

    Newsletters

    for the settlement of non-performing loans. Also, the various sides have not yet sat down to discuss the complex... in 2015 and pick up in 2016”. The central bank believes the key risks this year relate to the government

    34%