Greece, Mortgage Debts and the Lifting of the Ban on Bank Foreclosures/Auctions of Primary Residences

The EC/Troika position

The Greek Government position

Apparently...

It reads rather differently in the Greek edition.

EnetEnglish

"Simon O'Connor...spokesman for European Commissioner for Economic and Monetary Affairs Olli Rehn, ...asked about the listing of a ban on home repossessions banks...,said that the government needed to find ways to protect the most financially vulnerable families.

But an agreement on the issue must leave no room for abuse by people with the means to pay the banks but who are refusing to do so, as he suggested is now the case".

30,000 property owners taking advantage of foreclosure ban

There is a petition circulating on the internet

Lifting of ban to go ahead

"New rules on home foreclosures even without troika approval, says minister - Greece will pass legislation lifting a ban on home foreclosures even if it fails to reach an agreement with the troika on the content of the new law, Deputy Development Minister Thanasis Skordas said on Monday".

Other issues