Sunday April 20, 2014 Search
Weather | Athens
17o C
11o C
Survival Guide
Greek Edition
Coalition squeezes through votes on property tax, foreclosures

The coalition survived two crucial votes in Parliament on Sunday, with MPs passing a unified property tax and approving a partial lifting of restrictions on home foreclosures, but this came at a price as a New Democracy lawmaker was ousted from his parliamentary group for failing to back the legislation, thereby further eroding the government’s majority.

The property tax bill only received the support of 152 lawmakers as New Democracy deputy Vyron Polydoras voted against it and another MP, PASOK’s Apostolos Kaklamanis, did not take part in the ballot. The latter reportedly missed the vote because of illness.

There was relief within the government that the property tax, crucial to the coalition’s fiscal plans as it seeks to raise more than 2.5 billion euros next year, passed through Parliament. This was tempered by the fact that the coalition’s majority has been reduced to just three seats.

Polydoras’s ousting brings the coalition down to 153 lawmakers in the 300-seat Parliament. New Democracy has 126 deputies and PASOK 27.

The former public order minister had made it clear on Friday that he would not support the bill but his negative vote on Friday drew sharp criticism from New Democracy.

“At a time when the government is successfully trying to get Greece out of the economic crisis, Mr Polydoras has consciously chosen to oppose these efforts and his party and to identify with the anti-Europeans, the populists, the supporters of the drachma and those who deny the national effort to save the country,” the conservative party said in a statement.

It was with this reduced majority (152 out of 293 lawmakers that voted in total) that the government also saw the new framework on home foreclosures pass through Parliament on Saturday evening.

Rather than providing a blanket ban on the repossession of homes with a taxable value of up to 200,000 euros if owners fail to keep up with mortgage payments, the new law introduces certain criteria based on household income. It also sets the maximum amount homeowners should pay to banks each month if they are in financial difficulties.

Finance Minister Yannis Stournaras and Development Minister Costis Hatzidakis had to make some last-minute adjustments to the legislation to ensure the support of government MPs after earlier complaints. , Saturday December 21, 2013 (20:09)  
Greek Christians mark rare Good Friday in north Cyprus
Greece offers to help find Turkish F-16 lost in 1996
Talks lined up in wake of ‘shameful’ soccer scenes
Dimou quits To Potami over Holy Fire quip
Eurobank share offering on April 25-29
Greece's third largest lender Eurobank, which is issuing new shares to help plug a capital shortfall, said on Friday that the cash call will take place from April 25 to 29. The transaction o...
PPC to issue corporate bond of 500 mln
Public Power Corporation is planning to tap the markets after Easter with the issue of a corporate bond to draw 500 million euros. The Energy Ministry is also eagerly awaiting the issue, as ...
Inside Business
Greens lose badly as CSKA Moscow
Panathinaikos has a mountain to climb in order to reach the Final Four of the Euroleague after losing at CSKA Moscow on Friday for a second time in two days, only this time it was comprehens...
Former Red Bourousis wrecks Olympiakos´s hopes for a break
Olympiakos tried harder in Game 2 of the Euroleague play-offs in Spain, and Real Madrid was not as good on Thursday as in Game 1, but the Spaniards still emerged victorious on the night with...
Inside Sports
The placebo effect and the economy
Among the greatest mistakes made in the years of Greece’s hard landing is that citizens did not get the chance to sense that aside from austerity and pain the economic adjustment program als...
Ukraine is a crisis—but not a Cold War
Given Russia’s annexation of Crimea, the imposition of US and European sanctions, and the potential for more escalation in Ukraine, we are witnessing the most important geopolitical events s...
Inside Comment
1. Greek Christians mark rare Good Friday in north Cyprus
2. Eurobank share offering on April 25-29
3. Greens lose badly as CSKA Moscow
4. Former Red Bourousis wrecks Olympiakos´s hopes for a break
5. PPC to issue corporate bond of 500 mln
6. Greece offers to help find Turkish F-16 lost in 1996
more news
This Week
1. Greek Christians mark rare Good Friday in north Cyprus
2. Eurobank share offering on April 25-29
This Week
1. Greece's market return mirrors return of tourists
2. Samaras sees no need for third bailout
3. Parties start announcing candidates for European Parliament elections
4. Greece startup leaders say they can’t break jobless cycle alone
5. Ground-breaking Good Friday mass signals thaw in Cyprus
6. IMF's Thomsen says Greece not fully financed to 2016
   Find us ...
  ... on
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.