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Foreclosure bill undergoing final adjustments to satisfy creditors
EconomyProgrammeThe 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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EC sets out improvements Athens should make to primary residence proposal
EconomyProgrammeAmong 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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Athens adjusts foreclosure framework, waits for lenders to give green light
EconomyProgrammeThe 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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Tweaks to proposal on protection of main homes likely to be needed
EconomyProgrammeIt 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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Athens waits for response from institutions on primary residences proposal
EconomyProgrammeThe 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.
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Government and banks reach deal over new scheme to protect main homes
EconomyProgrammeThe government and Greece’s bankers appear to have reached an agreement on the framework to protect primary residences from foreclosure when the extension to the Katseli law runs out at the end of February.
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Athens prepares new primary residences proposal after finding common ground with banks
EconomyProgrammeThe Greek government and local banks are reportedly making progress in their discussions about how to replace the Katseli law, which expires at the end of the month, with a new framework for protecting primary residences from foreclosure.
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Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingOne of Greece’s four systemic banks, Eurobank, has announced shortly after releasing its third-quarter results that the bank is forming its own special purpose vehicle (SPV) for handling its pile of bad loans.
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Apartment prices up by 2.5 pct in Q3 as recovery trend continues
EconomyMacroeconomyThe nominal value of apartments in Greece during the third quarter (Q3) of the year showed a rise of 2.5 percent year-on-year (YoY) Bank of Greece (BoG) data showed on Monday.
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Greece's golden visa scheme brings revenues, but risks as well
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EconomyFeaturesSince its launch in 2014, the Greek citizenship-by-investment scheme known as the “golden visa” has attracted almost 3,000 investors and close to a billion euros’ worth of property investments.