Katseli's Law

The Local Court of Vamos has decided to reduce a 65-year-old woman's debt by 85%. The woman, who could not manage to repay her 26,000 euro debt, referred to the Cretan Consumers Union and managed to fall under the...

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...

About 30,000 homeowners, or 15 percent of the 200,000 protected under a moratorium on foreclosures during a crushing economic crisis, are taking advantage of the law not to pay their mortgages even though they can, a survey of loans...