mortgages Archives - Keep Talking Greece

Tax Authorities seize 500,000 bank accounts, collect €1.6bn in Jan-May 2016

June 21, 2016 Economy Comments Off on Tax Authorities seize 500,000 bank accounts, collect €1.6bn in Jan-May 2016

Greek Tax Administration has been studiously taking from debtors what it belongs to the state. From January to April 2016, tax authorities have reportedly “emptied” 428,465 debtors’ bank accounts. If the seizures in May be added, the total number reaches over 500,000. In comparison: 333,776 bank account seizures last year. …

Greece’s agreement protects only 25% of mortgages – Foreclosures just outside the door

November 18, 2015 Society 3

Three in one mortgage receivers are most likely to lose their homes after Greece and creditors agreed on the measures to “protect the first residence”. Income criteria for first residence protection are set extremely low, the state is willing to subsidize and help the banks and the poor borrowers with …

ND-candidate: Banks seize homes in order to give mortgages

January 20, 2015 Society Comments Off on ND-candidate: Banks seize homes in order to give mortgages

These days I try to avoid watching on television candidates from political parties praising their program and their positions. It mostly makes me sad to see either new and totally unknown faces or veterans MPs of all colors and ideological directions insisting that they know how to economically save me; …

PM Samaras to pass bill for mortgages in Swiss Franc, … after the elections

January 16, 2015 Economy 2

“One of the first laws to be tabled in Parliament, immediately after the election, will be one that regulates the issue raised by the developments in the Swiss Franc and the 70,000 Greek mortgage borrowers,” the press office of Prime Minister Antonis Samaras said in a statement. The statement added …

Some Definitely Want Greece Out of any EU-‘something’ (Euro, Schengen, Disneyland…)

June 8, 2012 Economy, Politics 10

First it was all this pressure on Greece for a euro exit. The last toothless idiot in rags sailing on a wrecked boat around a remote island felt obliged to say something on the issue. Greece became the global scapegoat, whether with or -even without left-wing SYRIZA government. Those Europeans who criticized PASOK and Nea Dimocratia for …

50K Greeks Borrowers Celebrate New Swiss Franc Exchange Rate

September 6, 2011 Economy Comments Off on 50K Greeks Borrowers Celebrate New Swiss Franc Exchange Rate

More than 50,000 Greeks took a breath of relief upon the news that the Swiss National Bank (SNB) decided to peg the Swiss Franc (CHF) to the euro. The 50,000 Greeks are borrowers who got their loans – most for real estate purchases – on Swiss Franc and not in …

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