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EC sets out improvements Athens should make to primary residence proposal
EconomyProgrammeof 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
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Changes to primary residence protection proposed in bid to draw more applications
EconomyFeaturesapplications 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
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Newsletter 197 -8/03/2019
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
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Newsletter 18 - 06/03/2015
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
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General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up
EconomyMacroeconomyentities. 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
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Greece's golden visa scheme brings revenues, but risks as well
EconomyFeaturesproperly 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
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Programme review talks continue, progress on tax, pensions and NPLs at a premium
EconomyProgrammethat 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.
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Post-Covid era dawns on new landscape for bad debt in Greece
EconomyFeaturesof 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
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Disbursement delayed until April as lenders wait for primary residence law to be settled
EconomyProgrammethe 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
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Newsletter 17 - 27/02/2015
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
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