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Property
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PoliticsGreek Politics
Government move over primary residences raises questions The announcement by government sources on Wednesday that draft legislation regarding the protection of primary residences will be submitted to Parliament on Friday without there necessarily being an agreement with the institutions has prompted questions about SYRIZA’s motives.
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EconomyProgramme
Athens set to press ahead with primary residence law despite differences with lenders The Greek government appears set to table in Parliament on Friday the draft law for the new framework governing the protection of primary residences from foreclosure without necessarily first reaching an agreement with the institutions.
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EconomyProgramme
Disbursement delayed until April as lenders wait for primary residence law to be settled As seemed likely following the European Commission’s second enhanced surveillance report last month, Monday’s Eurogroup did not lead to the activation of the latest round of debt relief measures for Greece.
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EconomyProgramme
Deliberations over primary residence bill set to delay green light from Eurogroup The chances of Greece securing the eurozone’s approval for almost 1 billion euros in debt relief measures at Monday’s Eurogroup appear slim as Athens and the institutions had not settled on the details of the legislation for primary residences by Friday.
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EconomyMacroeconomy
Apartment prices up by 2.5 pct in Q4 and 1.5 pct in 2018 as property recovery solidifies The nominal value of apartments in Greece during the fourth quarter (Q4) of the year showed a rise of 2.5 percent year-on-year (YoY) Bank of Greece (BoG) data showed on Tuesday.
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EconomyProgramme
Foreclosure bill undergoing final adjustments to satisfy creditors The government is looking to the Bank of Greece to provide its assessment of the latest version of the draft law for the protection of primary residences from foreclosure so the bill can be tabled in Parliament and voted on this week, ahead of Monday’s Eurogroup.
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EconomyProgramme
EC sets out improvements Athens should make to primary residence proposal Among the areas of concern highlighted in the European Commission’s second post-programme surveillance report are the household insolvency law and debtor protection schemes, which are examined in the context of the overall financial system stability and the ongoing efforts to reduce the stock of Non-Performing Exposures (NPEs) from the systemic banks.
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EconomyProgramme
Athens adjusts foreclosure framework, waits for lenders to give green light The Greek government is hoping to table in Parliament early next week the new bill for the protection of primary residences from foreclosures after another round of talks with local bankers on Thursday.
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EconomyProgramme
Tweaks to proposal on protection of main homes likely to be needed It appears that the Greek government still has work ahead of it to refine the proposal for the protection of primary residences as the institutions have a number of objections.
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EconomyProgramme
Athens waits for response from institutions on primary residences proposal The government and the banks are waiting for a response this week from the institutions and the European banking supervisory authorities regarding the proposal for the framework that will succeed the Katseli law.