Greece
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primary residence

EU Commission Approves Greece's Primary Residence Protection Plan

The European Commission issued a statement on Thursday morning in which it announced that the executive of the Union has approved Greece's plan for protecting the primary residence of Greek citizens from foreclosure. The statement notes that the Greek plan...

EU Opens Way For Disbursement of €1 Billion to Greece

The College of Commissioners of the EU approved the updated Enhanced Surveillance Report on Greece on Wednesday, which states that all agreed-upon reforms have been implemented by Greece. This opens the way for the delayed disbursement of the first tranche...

Greek Parliament Votes in Favor of New Primary Residence Protection Bill

The Greek Parliament approved on Friday the new Primary Residence Protection bill which came up for discussion in the Parliament on Wednesday. Out of 231 MPs who participated in the vote, 194 voted in favor of Article 68, which incorporated...

Greece Submits Legislation on Primary Residence Protection

The Greek government submitted on Tuesday a legislative amendment with the new framework for the protection of primary residences, although it has yet come to an agreement with creditors on the terms. The new framework provides for the payment by...

No Agreement on Primary Residence Protection Delays Eurozone Cash to Greece

The Euro Working Group concluded its meeting on Monday night without an agreement on when the Eurozone will release the first tranche of approximately one billion euros to Greece. This amount of money is the first tranche of approximately €4.8...

Greeks' Primary Residence Protection Extended for Two Months

The Greek government and the country’s biggest banks agreed to extend by two months legislation which protects the primary residence of debtors in Athens on Friday. Prime Minister Alexis Tsipras met with board members of the Hellenic Bank Association at...

Notaries Abstain From Foreclosures of Primary Residences Again This Week

Greek notaries decided to not take part in foreclosures of primary residences this week, extending the decision they had taken last week. Their decision to abstain from the process is due to the fact that they state that the conditions...

Greece-Creditors Still Disagree Over Bad Loans, Foreclosures

The second marathon negotiation between Greece and the quartet of international creditors ended at 5 am on Monday with the issues of bad loans and primary residence foreclosures still unresolved. According to sources close to the talks, the Greek team...

Greek PM Tsipras: 'The Government Will Protect the Primary Residences of the Weak'

Greek Prime Minister Alexis Tsipras expressed the government's determination to protect the primary residences of citizens with weaker economic stability, during his speech before SYRIZA’s Policy Secretariat. According to party members, Tsipras said that the government will proceed by implementing...