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Press: Steps on a tightrope for foreclosures

20/08/2014 09:06
The major issues in today’s financial press are today’s meeting of the Council of Ministers, which is expected to announce measures for the protection of the vulnerable groups of population hit by the foreclosures bill and the mobilization on August 27 against foreclosures.

The “Economy” inset of newspaper “Phileleftheros” refers to today’s meeting of the Council of Ministers, which is expected to announce measures for the protection of the vulnerable groups hit by the foreclosures bill. According to the report, the announcements will be released amid strong partisan reactions. DIKO President, Nicolas Papadopoulos said the measures are vague and unclear. Yesterday, the troika was informed by the Finance Minister on the developments and the legal advisors of the creditors are examining the drafts.

Elsewhere the newspaper reports that Bank of Cyprus doubled the properties for sale.

Other headlines:

-Need for consensus for the bill

-Tourism in Paphos remains stagnant

-Daniel Nuit in Cyprus for banking union

-Banking results on August 29

The “Economy” inset of newspaper “Politis” refers to today’s meeting of the Council of Ministers, which is expected to announce measures for the protection of the vulnerable groups of population hit by the foreclosures bill. According to the report, the parties were not convinced by the verbal clarifications of the President of the Republic. DIKO expects written texts to decide, while the message from its leadership is negative.

“Politis” also reports that the CSE general index recorded losses of 0.69% yesterday.

Other headlines:

-Pressure from society

-Peaches withdrawn in Greece

-Trade surplus for the euro area

-Eurocrisis is present

The “Economy” inset of newspaper “Simerini” refers to the mobilization on August 27 against foreclosures. According to the report, the aim of this mobilization announced by the Platform “Society reacts and claims” is to defend the primary residence and business premises of the salary-paid, the unemployed and the farmers.

The newspaper also refers to the strong partisan reactions against the bills that the government prepared and will submit to the Council of Ministers for the foreclosures.

Other headlines:

-Letter to the President for BOCY

The newspaper “Haravgi” refers to the mobilization on August 27 against foreclosures. According to the report, at the same time that the government tries through decorative arrangements to promote the foreclosures bill, society responds with a “no”, urging the parties to vote against the bill.

The “Economy” inset of the newspaper reports that the Council of Ministers, at a meeting to take place today, is expected to examine the outcome of complaints against the President of Cyprus Airways Tony Antoniou on irregularities and irregular decisions.

Other headlines:

-Fairness test for the President

-EEE law unconstitutional

-Paphos Municipality in contact with Chinese towns

-Fine of €20k to Lidl Cyprus

The “Economy” inset of newspaper “Alithia” refers to the European Central Bank data on the percentage of households with debts. According to them, two thirds of the households have debts while except for the mortgaged loans for the main residence, Cypriots come first in consumer loans.

Elsewhere the newspaper reports that Lidl Cyprus was imposed a fine of €20k for deceptive trade practice.

Other headlines:

-BOCY to meet on August 29

-Cement sales shrink

-Expenditure for environment at 0.17% of GDP

-Intensive efforts to upgrade Paphos