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Tag Archives: primary residence

Greece’s creditors reject “extension of legal protection for primary residence”

April 10, 2020 CORONAVIRUS 3

Extending the legal protection framework in Greece for owners of primary residence has reportedly “snagged” on opposition by the country’s European creditors, even amid the unprecedented situation with the coronavirus pandemic and its devastating effects on the economy. According to reports, European representatives were negative to a request by Athens …

Greek Parliament adopt primary residence protection with enhanced majority

March 29, 2019 Economy Comments Off on Greek Parliament adopt primary residence protection with enhanced majority

With an enhanced majority the Greek Parliament adopted the amendment for the protection of debtors’ primary residence on Friday. Article 68 of the amendment received 194 votes in a parliament of 300, as main opposition party New Democracy voted in favor. The roll-call vote took place among 231 lawmakers who …

Gov’t submits “primary residence protection” law without agreement with creditors

March 27, 2019 Economy Comments Off on Gov’t submits “primary residence protection” law without agreement with creditors

The Greek government submitted on Tuesday night a legislative amendment with the new framework for the protection of debtor’s primary residence. For the first time, corporate loans are included in the law. The upper limit of the value of the protected primary residence is 250,000 euros. This affects private loans …

Greece, creditors could not reach a deal on “primary residence protection”

March 26, 2019 Economy 1

The EuroWorking Group meeting on Monday ended without Greece and creditors to have reached an agreement on the protection of debtor’s primary residence. Without the deal, the disbursement of almost one billion euros was therefore not approved. Athens had announced last week to submit the bill of the residence protection …

Greece to proceed with unilateral action on protection of primary residence

March 20, 2019 Economy Comments Off on Greece to proceed with unilateral action on protection of primary residence

The Greek government plants to proceed with a unilateral action and submit a measure to protect the primary residence of debtors even if the country’s lenders will disagree. Government sources told media that the government will submit the scheme as successor of the so-called Katseli Law on the basis of …

Auctions & foreclosures start with real estate, hotels & 180 sheep

May 31, 2016 Economy 6

It’s done. Despite the famous Greek summer, as of tomorrow, June 1st 2016, it will rain auctions and foreclosures. The relevant Presidential Decree was signed and published in the Official Gazette. Apartments, villas, land plots, hotels, ships, helicopters and yachts but also 180 sheep and poultry farm equipment with 4 …

Samaras: primary residence of ‘socially weak’ will be shielded against foreclosure

August 22, 2013 Society Comments Off on Samaras: primary residence of ‘socially weak’ will be shielded against foreclosure

Greek Prime Minister Antonis Samaras seems determined to protect the socially weak from losing their home due to foreclosure. After a meeting with his coalition partner and deputy PM Evangelos Venizelos (PASOK), the prime minister announced that “The primary residence of the socially weak citizens and those proven that due …

Greek gov’t announces home evictions to start on 1.1.2014

July 31, 2013 Economy, Society 7

I had thought that 2013 would be the worst austerity year for the average Greek. But I was wrong. The worst is still to come and thus right with the beginning of 2014. After the immense pressure by the country’s lenders – the Troika – the Greek government announced the …