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Athens Macedonian News Agency: News in English, 15-11-19

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Amendment tabled to allow state to 'top up' repayments of vulnerable debtors

  • [01] Amendment tabled to allow state to 'top up' repayments of vulnerable debtors

    Economy Minister Giorgos Stathakis on Thursday tabled an amendment to an omnibus bill tabled in Parliament that will allow the state to contribute to the monthly payments made by low-income, vulnerable debtors that are in arrears on their mortgages, at least until the end of 2016.

    The amendment allows the state to partially cover the difference in the sum owed by debtors meeting the legal requirements and the amount set by debt settlement schemes. In this case, the debt settlement scheme is considered to be serviced and any unpaid amount is added to the capital in the debt settlement scheme.

    The same modifications specify that implementation of the draft law measures concerning non-performing loans starts on Jan. 1, 2016 and does not include outstanding cases and applications submitted up to Dec. 12, 2015.


    Athens News Agency: News in English Directory - Previous Article - Next Article
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