ATHENS — Greek Finance Minister Christos Staikouras on Friday unveiled a new "Bridge Program" for the support of mortgage loan borrowers that will cover not only non-performing loans, but also borrowers that are not in arrears but have been impacted by the coronavirus crisis.
Speaking in Parliament, Staikouras rejected opposition criticism that government measures are inadequate and inefficient and said that the ministry has taken 59 specific measures so far. "For the first time ever, the state is supporting not only non-performing [loans] but borrowers [that are not in arrears] as well, all those impacted by the coronavirus crisis, and we estimate that the budget cost will be around 300 million euros," he said, adding that all eligible borrowers will be able to apply for the new program from early August until September 30. The program covers all individuals, including workers in the private sector hit by the crisis, the unemployed receiving extra financial support, the self-employed, individuals with a reduction of their monthly wages, or property owners receiving reduced rents, etc.
The subsidy for monthly loan tranches will cover 90 pct in the first three months, 80 pct in the second quarter and 70 pct in the third quarter and have a ceiling of 600 euros for loans that are not in arrears. For non-performing loans, the subsidy will cover 80 pct in the first quarter, 70 pct in the second and 60 pct in the third quarter, with a ceiling of 500 euros.
ATHENS - Greece’s moves to lessen tax evasion will include a penalty up to 500,000 euros ($546,266) for property buyers using cash and canceling the deal to prohibit the purchase.
FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.
NEW YORK – Consul General of Greece in New York Dinos Konstantinou in collaboration with the Greek Orthodox Archdiocese of America hosted the opening reception of the moving exhibition Echoes of Asia Minor: Life, Catastrophe and Resilience on November 29 at the Consulate General of Greece in New York.
NEW YORK – The Hellenic Film Society USA presents Maria by Callas, the acclaimed documentary that tells the life story of the legendary Greek-American opera singer.
TEL AVIV, Israel (AP) — U.
TOKYO (AP) — Global leaders paid tribute to former U.
WASHINGTON (AP) — A defiant Rep.
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