x

Society

Greek Homeowners Get Foreclosure Alleged Protection Extension

December 9, 2019

ATHENS – Greek homeowners unable to pay mortgages on their primary residences after being hammered with austerity measures for nearly a decade won’t have to worry about losing them for now, despite signs a program to save them isn’t working as intended.

The Finance Ministry gave a four-month extension for now, to April 30, 2020, on legal framework protecting the homes from being taken by banks or mortgage holders with that safety bar having been lifted by the former ruling Radical Left SYRIZA as then-Premier Alexis Tsipras promised “not one home in the hands of banks” before reneging.

The extension aims to allow more primary residence owners with outstanding debts a chance to apply for a new program, managed by the state in cooperation with commercial banks, that restructures debt payments, offers debt relief, and, in some, instances, subsidizes interest payments.

The system has been in operation for 23 weeks, having seen some 53,539 users benefit, with 35,670 applying and 972 relayed to the banks – who accepted only 50 of them with no report on if that could be appealed.

RELATED

For those interested in All Things Royal, reports are that Princess Tatiana will still be called that after he divorce from Prince Nikolaos, although the monarchy was long ago abolished and neither have any real standing in the country apart from celebrity.

Top Stories

Columnists

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.

Video

Over 100 Pilot Whales Beached on Western Australian Coast Have Been Rescued, Officials Say

MELBOURNE, Australia (AP) — More than 100 long-finned pilot whales that beached on the western Australian coast Thursday have returned to sea, while 29 died on the shore, officials said.

On Monday, April 22, 2024, history was being written in a Manhattan courtroom.

PARIS - With heavy security set for the 2024 Paris Olympic Games during a time of terrorism, France has asked to use a Greek air defense system as well although talks are said to have been going on for months.

WASHINGTON (AP) — A tiny Philip Morris product called Zyn has been making big headlines, sparking debate about whether new nicotine-based alternatives intended for adults may be catching on with underage teens and adolescents.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.