Friday August 29, 2014 Search
Weather | Athens
31o C
24o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Foreclosures to dominate leaders' meeting

The criteria which will decide whether banks can foreclose on property when customers have stopped making loan repayments are likely to be at the center of talks between Prime Minister Antonis Samaras and Deputy Prime Minister Evangelos Venizelos on Thursday.

Samaras pledged this week that he would personally study the issue amid government unrest about the prospect of ending a moratorium on foreclosures, which has been in place since 2009. Sources said that among the ideas being considered by the government is to allow banks to auction some 10,000 business properties and holiday homes, thereby avoiding the politically sensitive problem of owners losing their primary residences – at least for the time being.

The government has been under pressure from the troika to allow foreclosures because Greece’s lenders believe the continued moratorium is distorting the property market. Ministers have admitted over the past few weeks that the suspension, which is due to expire at the end of the year, is not going to be renewed. This has sparked objections from opposition parties and within government ranks.

“PASOK has made it clear from the start that it will not discuss any lifting on the protection of main residences of average and poor Greeks,” said Socialist lawmaker Costas Triantafyllos during a debate in Parliament on Wednesday.

“You want to apply social criteria to the process of throwing people out of their homes,” said SYRIZA’s Panayiotis Lafazanis. “This is absolute barbarism. You want to add thousands of homeless people to the hundreds of thousands of unemployed people, supposedly so you can save the banks.”

Sources said Samaras might unveil the government’s proposals when he speaks at the Thessaloniki International Fair next month.

ekathimerini.com , Wednesday August 21, 2013 (21:08)  
Exam results spell trouble for some universities
Police names suspects in 400,000-euro heist
Rector takeover marred by protest
Greek PM reaches out to foreign officials ahead of crucial EU summit, troika talks
Foreclosures threat pushed back
An agreed foreclosure protection period currently granted to first-home buyers unable to settle overdue tax amounts will be conditionally extended beyond the end of the current year, when it...
Athens rental rates tumble
Reflecting the overall shrunken state of the Greek economy, rents for small, aging Athenian apartments of up to 60 square meters have fallen by a total of 50 percent since the recession star...
Inside Business
SOCCER
Panathinaikos, PAOK and Asteras Tripolis through to Europa League group stage
There was a triple success for Greek soccer on Thursday as PAOK, Panathinaikos and Asteras Tripolis made it through to the Europa League group stage. PAOK had a challenging task after a 1-0 ...
SOCCER
Olympiakos drawn against Spanish, Italian and Swedish champions in CL
Olympiakos will face the champions of Spain, Italy and Sweden in the group stages of Europe's top soccer tournament, the Champions League. Thursday's draw in Monaco was not particularly kind...
Inside Sports
COMMENTARY
The Lotus-Eaters
Turkey, a country branded by some as undemocratic and maladjusted by European standards, recently elected a new president – Recep Tayyip Erdogan – in a vote that was transparent and with a c...
EDITORIAL
A good start for culture
It took decades for a decision as obvious as keeping Greece’s most popular museums and archaeological sites open all day and all week to be reached and acted on, and now we are beginning to ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Panathinaikos, PAOK and Asteras Tripolis through to Europa League group stage
2. Foreclosures threat pushed back
3. Exam results spell trouble for some universities
4. Police names suspects in 400,000-euro heist
5. Athens rental rates tumble
6. Transforming OPAP buys top-up firm
more news
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. Hardouvelis, ECB executive discuss bank program, stress tests
3. Greece to relaunch tender for mutual horesebetting license
4. Venizelos invites Simitis and Papandreou to PASOK 40th anniversary event
5. EU's Frontex to take lead from Italy in Mediterranean immigration crisis
6. Bad debt provisions hit Greece's PPC first half net profit
Today
This Week
1. Brussels warns Greece over plans to allow construction near Korinos beach
2. Merkel cites euro’s ‘construction flaws’ as economy sputters
3. Attack on gay couple in Athens leaves one man needing surgery
4. Purification rituals
5. Second man held over double murder in Mani
6. The battle against progress
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.