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Press: Parties and troika say “no”

12/08/2014 07:20
The major issue in today’s financial press is the joint session of the House Finance and Interior Committees on the foreclosures bill.

The newspaper “Phileleftheros” refers to the joint session of the House Finance and Interior Committees yesterday on the foreclosures bill. As noted, while MPs bid up for amendments raising the requirements for changes to the bill, Interior Minister Socrates Hasikos towards the end of the session gave the document on the positions of the troika. The troika rejected eight amendments proposed by the parties, stressing the importance of compliance with the memorandum. Today, the two ministers will be asked to respond to questions from MPs in an attempt to provide a mutually acceptable formula.

The “Economy” inset of the newspaper refers to the gaps identified by the Association of University Real Estate Valuators in the foreclosures bill. Before yesterday's joint session of the Finance and Interior Committees, the Association suggested inter alia that the said bill makes no reference to the definition of the main residence and that the basic principles must be set as they will be included in the bill on insolvency.

Other headlines:
-Investigations without time margins for the crime

-Every Ministry and call centre for citizens’ service

-Submission of application for EEE is mandatory

-CAIR looking for Director

The “Economy” inset of newspaper “Politis” refers to the joint session of the House Finance and Interior Committees on the foreclosures bill. According to the report, the government announced its intention to use the state land development association to protect borrowers of primary residence with genuine inability to repay bank obligations, in an attempt to mitigate the reactions of the parties. Today, the Committees will meet again and the government will attempt to give answers to the parties and society.

“Politis” also reports that in his interview to the Financial Times, the Italian Prime Minister noted that his country needs reforms but he does not want the involvement of the troika.

Other headlines:

-Prices of seaside properties high – Greece

-Bulgaria requested IMF inspection

-CSE up 1.88%

-ASE back to gains

The “Economy” inset of newspaper “Simerini” refers to the joint session of the House Finance and Interior Committees on the foreclosures bill. During the talks it was confirmed that the majority of the parties do not approve it. The troika answered to eight amendments leaving some room which can be used by the government to renegotiate. Lenders also noted that any amendments to the bill should not contradict the Constitution.

The newspaper also reports that Interior Minister, Socrates Hasikos ensured that there will be a big help to borrowers who cannot meet their obligations now to repay their loans.

Other headlines:

-It was not a miracle, it was a bubble – Haris Georgiades explained what led to crisis

-“Increase in red loans due to change of definition”

The newspaper “Haravgi” refers to the joint session of the House Finance and Interior Committees on the foreclosures bill. During yesterday’s session, the government submitted a document of the lenders which shows that they do not accept change of their agreement, nor the amendments suggested by the parties to the proposed bill to make it as gentle as possible. Instead, the Finance and Interior Ministers insisted on the passage of the bill by the end of the month.
The “Economy” inset of the newspaper refers to the single property tax in Greece. As noted, the single property tax leads to a massive sell-off of thousands of properties throughout Greece at prices even lower than the assessed value or the cost of construction.

Other headlines:

-Country estate prices go up

-Greece: Tax Department raid homes of those who owe

The “Economy” inset of newspaper “Alithia” refers to the joint session of the House Finance and Interior Committees on the foreclosures. The Interior Minister submitted the document with the eight “no’s” of the troika. Among others, the troika rejected the write-off of debt with the sale of the property and the release of personal guarantees in case of sale.

The “Economy” inset of the newspaper refers to the mandatory submission of application of the minimum guaranteed income by public aid receivers and lowly-paid pensioners. The Labour Ministry urged the interested parties not to give credence to misinformation on the procedures.

Other headlines:

-Consumption increased – JCC

-Trade deficit at €1.3bn

-FBME has correspondent banks

-Compensations for Russian embargo