foreclosures

The new austerity measures that must be voted on in Greek Parliament on Thursday have left several SYRIZA lawmakers scratching their heads as most measures are the exact opposite of their pre-election promises to voters. The fragile majority of the...

French President Francois Hollande addressed the Greek Parliament on Friday afternoon, reaffirming France's support to Greece while calling for debt relief and the implementation of the bailout agreement. During his half hour speech, Hollande recognized the difficult task of implementing the bailout's prescribed reforms,...

According to a survey conducted by Small Enterprises’ Institute of the Hellenic Confederation of Professionals, Craftsmen and Merchants (IME-GSEVEE), almost one in three Greeks are facing poverty and debt, while the disposable income has slipped below the poverty line. The...

The International Monetary Fund said it will not release the next tranche of bailout funds to Cyprus because of the suspension of a law on foreclosures. According to a Reuters report, the IMF will not release the 88 million euros...

Almost 120,000 homeowners who are unable to pay their house loans are in danger of foreclosure as of January 1, 2015. The bill that was protecting the primary residence from foreclosure expires on December 31, 2014, leaving about 120,000 debtors...

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 General Secretariat of Public Revenue plan for tax compliance includes a simplification of the tax-paying process. According to the Greece 's General Secretary of State Revenue, Charis Theocharis, in the future, taxpayers will not have to pay their taxes...

The Greek Council of State (CoS) has again questioned the decisions of the country's Finance Ministry, this time deeming as unconstitutional the practice of seizing debtors' assets without notice. The new law on foreclosures and seizure of debtors’ assets, passed last year...

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...