Thursday April 24, 2014 Search
Weather | Athens
21o C
15o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Troika does not want full lifting of foreclosure ban, says EC spokesman

The troika has not asked Greece to lift the moratorium on home foreclosures but to prevent people “systematically abusing” the protection it offers, Simon O’Connor, the spokesman for European Economic and Monetary Affairs spokesman Olli Rehn said on Monday.

He also suggested that it was up to the Greek state to provide protection for those who might lose their homes as a result of repossessions.

O’Connor responded to journalists’ questions in Brussels by saying that the current ban on banks repossessing homes with a value of less than 200,000 euros if customers have stopped paying their mortgages also protected those who had the ability to pay but just stopped doing so.

“We want a solution that will protect the truly vulnerable but will also allow banks to put things order,” said O’Connor. “The general moratorium on foreclosures allows for systematic abuse from people who are trying to get away without paying.”

The foreclosures issue has been one of the main obstacles to Greece and the troika reaching an agreement that would help conclude the latest review of the Greek adjustment program and clinch the release of the next tranche of 1 billion euros.

The government is reluctant to lift the ban, fearing a backlash from its own MPs as well as opposition parties. Deputy Prime Minister Evangelos Venizelos had the chance to convey this concerns, as well as other, when he spoke on the phone with Rehn and German Finance Minister Wolfgang Schaeuble on Monday.

Reports in the Greek media over the weekend suggested that International Monetary Fund representative Poul Thomsen had warned the Greek government to prepare accommodation for people who lose their homes rather trying to resist efforts to remove, or change the terms of, the foreclosure ban.

These reports were not confirmed or denied by the troika but O’Connor said that the Greek banking system was not in a position to allow some homeowners to continue avoiding mortgage repayments.

“The protection of the socially vulnerable is the role of the state, not the banking system,” he said in Brussels.

However, Hannes Swoboda, the leader of the center-left alliance in the European Parliament, the Progressive Alliance of Socialists and Democrats, voiced his disapproval of the demands being made by the troika.

“The troika should stop to ask for further antisocial measures in Greece and should respect the enormous reform work done,” he wrote on his personal Twitter account.

ekathimerini.com , Monday December 2, 2013 (15:37)  
New court to deal with major crime, graft cases
More than 20,000 protests since 2010 bailout
Red tape cut for EU law graduates
Balkan train links to resume on May 10, with discounts
Benchmark up thanks to late blue chip rally
A late rally by blue chips including Piraeus and National offset the losses that the Athens bourse benchmark had been showing up to about half an hour before the end of Thursday's trading, w...
PPC to sell 500 mln euros of 3- and 5-year bonds
Greece's state-controlled electricity firm PPC confirmed on Thursday it would sell bonds worth 500 million euros ($691 million). The notes will be a combination of three- and five-year bonds...
Inside Business
SOCCER
4,000 officers to police Greek Cup final
Police says it will ban mass gatherings in central Athens amid heavy security measures planned for Saturday's Greek Cup final between Panathinaikos and PAOK at the Olympic Stadium. More than...
BASKETBALL
Never underestimate the Greek hoopsters
Olympiakos and Panathinaikos, who between them have won the last three European crowns, won again at home on Wednesday to take their Euroleague play-off series with Real Madrid and CSKA Mosc...
Inside Sports
COMMENTARY
At the mercy of fools
The death of a young man at an Easter lunch in a village near Rethymno on Crete and the very serious injury of an American guest at a Resurrection ceremony on Santorini must not be forgotten...
COMMENTARY
Putting the party above the country
The case of Sabiha Suleiman, the Roma activist whose candidacy for the European Parliament was announced by SYRIZA only to be withdrawn shortly afterward, is an illustration of the leftist o...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. New court to deal with major crime, graft cases
2. More than 20,000 protests since 2010 bailout
3. Red tape cut for EU law graduates
4. Balkan train links to resume on May 10, with discounts
5. Greek judges decided to extend GD leader’s detention
6. Greek doctors asked for clarifications over costly prescriptions
more news
Today
This Week
1. Putting the party above the country
2. Three missing from cargo ship that went down off Crete
3. Strong card in debt talks
4. Central Athens cleanup a sign of Greece's turnaround
5. Samaras meeting with Dimon key to Greek return to bond markets
6. Police on high alert for Greek Cup final in Athens on Saturday
Today
This Week
1. Greece startup leaders say they can’t break jobless cycle alone
2. Ground-breaking Good Friday mass signals thaw in Cyprus
3. Mayoral candidates clash over Athens mosque plans
4. Government looks to kick on
5. Putting the party above the country
6. Greece offers to help find Turkish F-16 lost in 1996
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.