foreclosures

The Greek Minister of Development, Kostis Hatzidakis on Thursday defended draft legislation on non-performing mortgages. The opposition disapproves and claims that the government is essentially lifting the current suspension on foreclosures. The Minister, in an interview with MEGA on Thursday...

The ongoing battle of foreclosures has not only caused reactions on a social level but also among the parliamentary groups of the coalition government. The government is preparing a compromise plan with the Troika, stressing that it will not...

More than 40,000 people are now homeless in Greece. It is estimated that nearly 20,000 of them are based in the broader Athens area. Only a handful of the homeless can be accommodated in shelters and as a result...

Two out of three citizens, who turned to the economic system for borrowing, in order to cover all types of needs (housing, consumer etc.) are now unemployed, showing a complete inability to meet obligations towards the banks. According to data...