Greece

Banks want foreclosures to be carried out electronically so as to avoid tension caused by a growing movement of angered citizens that block repossessions at courts. The idea would mean that notaries, which bear the main brunt of citizens'...

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...

"It is not in the interest of any bank to proceed with home foreclosures. The motive for each bank is to keep its clients informed," Hellenic Bank Association president and National Bank's chief Louka Katselli said in statements to...

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...

The amendment for the payment extension of the first installment of the unified property tax (ENFIA) was tabled in Greek Parliament on Thursday along with the bill for aquaculture, which is currently being discussed. The amendment provides that ENFIA payments are...

Authorities in Cyprus have sounded the alarm after a letter warning became public. The “Armed Group for Justice” gave a last warning to several politicians and political parties in regards to their bill on home foreclosures, even threatening to...

The American newspaper, The Wall Street Journal, commented on the recent decision of the Greek government to extend for one more year, the suspension of foreclosures on primary residences. The vote on the law governing foreclosures is described as an...

Greek Prime Minister Antonis Samaras' coalition - his New Democracy Conservatives and partner the PASOK Socialists - got narrow victories from the Parliament on Dec. 21 when lawmakers voted for a new unified property tax that hits farmers, and...

With Greek Prime Minister Antonis Samaras trying to convince his Deputy Premier Evangelos Venizelos to go ahead with ending a moratorium on foreclosures that is being demanded by the country's international lenders, Finance Minister Yannis Stournaras said banks should...

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...

With a rebellion growing in their ranks over plans to let banks seize homes after a ban on foreclosures expires at the end of the year, Greek Prime Minister and New Democracy Conservative leader Antonis Samaras and his coalition...

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 Greek Prime Minister Antonis Samaras and Deputy Prime Minister Evangelos Venizelos...

Prime Minister Antonis Samaras, in a meeting with key ministers on Aug. 20, said he wanted to prepare Greeks for the coming firing of public workers and the foreclosures of homes by banks from people who can't afford to...

As Greek Prime Minister Antonis Samaras’ coalition government plans to recapitalize the country’s banks with a $64 billion injection, it is also going to freeze home foreclosures in 2013, but has offered beleaguered consumers no help, although many can’t...

Greece has one of the highest rates of vacant houses in Europe, according to a report by the Eteron Institute for Research and Social Change. Vacant houses in Greece are mostly concentrated in large urban centers, the research highlights, with...