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EC sets out improvements Athens should make to primary residence proposal

Fri, 01 Mar 2019 07:13:00 GMT

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

Changes to primary residence protection proposed in bid to draw more applications

Tue, 05 Nov 2019 13:26:00 GMT

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... for homeowners to settle their debts and protect their residence from repossession. Benefits Around 100,000

Programme review talks continue, progress on tax, pensions and NPLs at a premium

Mon, 14 Mar 2016 08:31:00 GMT

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.

Newsletter 17 - 27/02/2015

Fri, 27 Feb 2015 14:35:00 GMT

and the European Commission do not have the expertise or resolve to ensure that terms are being met. The way... in 2015 and pick up in 2016”. The central bank believes the key risks this year relate to the government... for the settlement of non-performing loans. Also, the various sides have not yet sat down to discuss the complex

Disbursement delayed until April as lenders wait for primary residence law to be settled

Mon, 11 Mar 2019 18:52:00 GMT

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

EU's temporary framework for state aid in response to Covid-19 outbreak

Fri, 03 Apr 2020 07:10:00 GMT

States can evidence the non-marketability of the risk if one of the following two conditions is met... that this is their first and main residence. At the same time, however, for owners of real estate... for a period of six years. Again, the loan may relate to both investment and working capital needs. Different

Greek pensions laid bare

Wed, 17 Jun 2015 13:23:00 GMT

in 2001 by the then PASOK government met serious social and political resistance and was quickly... paid in March with a cost of 277 million euros, which corresponds to an average supplementary pension... a large part of these cases relate to early retirement, which results in lower payouts. Another 7.2

Ankara tension tops govt agenda, overshadowing social dividend and primary residences

Mon, 09 Dec 2019 09:25:00 GMT

Recep Tayyip Erdogan as much when the pair met at the sidelines of the NATO summit in Watford last... at extending the primary residence protection scheme, which is due to expire at the end of the year, until... his brief premiership. Social dividend & primary residences Last week finished on somewhat of a high

Athens set to press ahead with primary residence law despite differences with lenders

Wed, 20 Mar 2019 14:34:00 GMT

has seen the new primary residence framework, which is due to succeed the Katseli law that expired... framework governing the protection of primary residences from foreclosure without necessarily first... residences. The institutions also raised concerns about the inclusion of the second group of NPLs

OECD sees potential for recovery in Greek economy, stresses benefits from reforms

Fri, 11 Mar 2016 07:45:00 GMT

a revision of the seniority premium. The OECD estimates that product and labour markets reforms... behind this performance relate to administrative capacity constraints, little programme ownership... (from 197.4 percent) in 2017. Upside risks to OECD outlook relate to swift and full implementation