Greece Urged to Give Distressed Borrowers “Last Chance”

March 28, 2018

ATHENS (AP) — Greece’s largest commerce and legal associations have urged the government to urgently reform laws protecting distressed mortgage holders, warning that tens of thousands of struggling families could lose their homes this year.

In a joint proposal Wednesday, they recommended that the government give mortgage holders the right to match the auction price of their foreclosed property before the sale is approved.

Greece’s bailout creditors are pressing the country to speed up property auctions and ease pressure on banks as the rate of non-performing loans nears 50 percent. Starting in May, property auctions will also be launched to recover tax arrears.

In central Athens, demonstrators staged weekly anti-auction protests, led by a former government minister who used a ladder to climb up a riot police bus used as a cordon.


LONDON - The United Kingdom’s Secretary for State for Culture, Media and Sport, Lucy Frazer, said no deal will be made to loan the stolen Parthenon Marbles housed in the British Museum for 200 years if Greece won’t give up ownership.

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A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


Three Little Piggies at a Yoga Class = Maximum Happiness

SPENCER, Mass. (AP) — Three little piggies went to a yoga class.

The news revealed by The National Herald that the Archdiocese is requesting an increase in parish assessments hit the Greek-American community like a bolt of lightning.

CHICAGO – Greektown Chicago presents its new outdoor art exhibit – a parliament of Little Wise Owls – showcasing the wild creativity of 19 local professional/emerging artists and students from nine Chicagoland Greek language schools.

ATHENS - As state subsidies for high-priced electric cars haven't brought a surge in their sales, drivers in Greece are paying far more for gasoline and diesel  than the European Union average, before and after high taxes.

ATHENS - With European Parliament elections looming in June, PASOK Socialist leader Nikos Androulakis seized on high food prices in Greece to take a shot at Prime Minister Kyriakos Mitsotakis inability to further rein them in.

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