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Government move over primary residences raises questions

Thu, 21 Mar 2019 08:08:00 GMT

of primary residences will be submitted to Parliament on Friday without there necessarily being... the European Central Bank. According to Kathimerini, though, there are still five matters over which... in 2018” and that focus is on primary residences. “Reaching a balanced agreement on this draft law

Second post-MoU review hinges on NPL plan and protection for primary residences

Mon, 04 Feb 2019 08:51:00 GMT

that the European Central Bank also raised concerns about the effectiveness of the electronic auction..., which protects primary residences from foreclosure. The Bank of Greece’ proposed strategy for reducing... to their implementation. Regarding the new framework for protecting primary residences, Efimerida ton Syntakton

Central gov't cash deficit down to 1.14 bln in March

Thu, 17 Apr 2014 04:10:00 GMT

Greece’s central government net balance to March on a cash basis showed a deficit of 1.14 billion... basis. The remaining difference (277 million) is owed to changes in the state accounts with the BoG... figure. It is worth remembering that the central government figures for the whole of 2013, as reported

EC sets out improvements Athens should make to primary residence proposal

Fri, 01 Mar 2019 07:13:00 GMT

of Non-Performing Exposures (NPEs) from the systemic banks. The protection of primary residences under.... The Commission highlights that the protection of primary residences was unilaterally extended until the end... for protecting primary residences. It was not clear if the Commission’s concerns were also taken on board during

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

Wed, 20 Mar 2019 14:34:00 GMT

framework governing the protection of primary residences from foreclosure without necessarily first... with the banking sector’s supervisory authorities (i.e. Bank of Greece and European Central Bank... residences. The institutions also raised concerns about the inclusion of the second group of NPLs

Primary residences back in focus as Athens waits for recovery fund decision

Fri, 24 Apr 2020 09:05:00 GMT

is ready by June 1, even more significant for Athens. Primary residences Another important... that will purchase and lease back primary residences. They have reportedly asked for more data and might... regarding the coronavirus recovery fund, there is growing attention on the primary residence

Institutions wrap up talks with focus on NPLs, primary residences and budget

Thu, 24 Jan 2019 14:37:00 GMT

residences from foreclosure and the execution of the 2018 and 2019 budgets topping the agenda... framework to protect primary residences from foreclosure, replacing the Katseli law which is due... euros on mortgages secured against primary residences. Finance Minister Euclid Tsakalotos also

Primary residences and lignite units top agenda ahead of Eurogroup

Mon, 11 Feb 2019 08:16:00 GMT

form the framework for protecting primary residences, which will succeed the Katseli law, will take... and protecting primary residences from foreclosure. The first step will be a significant haircut... would like to set the level of protection for primary residences at 250,000 euros as long

Deliberations over primary residence bill set to delay green light from Eurogroup

Fri, 08 Mar 2019 09:24:00 GMT

on the details of the legislation for primary residences by Friday. Speaking to journalists in Brussels... of Greece delivered to the European Central Bank on Thursday its assessment of the impact the proposed... and handed the results to Greece’s central lenders. According to Capital, the banks found

Athens waits for response from institutions on primary residences proposal

Mon, 18 Feb 2019 08:39:00 GMT

June of primary residences belonging to borrowers who might be eligible for the new protection... and it applies to mortgages or business loans secured against primary residences the turned red... to 130,000 euros, an assessed main residence value of up to 250,000 euros and an annual household