x

Society

Greek Online Home Foreclosures Start Nov. 29

October 25, 2017

ATHENS – Just in time for the holidays, Greeks who can’t pay their mortgages because of harsh austerity measures will see their homes confiscated online and electronically, courtesy of the ruling Radical Left SYRIZA-led coalition, which promised to bar foreclosures.

The move to electronic seizures was taken to get around protests which saw auctions stopped as notaries were unable to proceed because of demonstrations by angry critics who don’t want people’s homes taken, although bank officials said they weren’t yet going after primary homes but are now mostly targeting strategic defaulters who could afford to pay.

The government is moving ahead at the insistence of the country’s international creditors who want banks buried under bad loans because people whacked with big pay cuts, tax hikes, slashed pensions and worker firings can’t pay mortgages, credit cards and loans to start taking their properties and other assets.

Staff-level talks also centered on the issue of the full application of the extrajudicial mechanism for the settlement of corporate debts, particularly the automatic process for the restructuring of business debts that range between 20,000-50,000 euros ($23,517-$58,792), said Kathimerini.

RELATED

Two doctors in northern Greece - one for a second time - were convicted of negligent manslaughter over the May 2017 death of a 24-year-old man from complications following surgery but will serve no jail time.

Top Stories

General News

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.

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.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

Mitsotakis Meets with Biden at the White House (Video)

WASHINGTON, DC – Greek Prime Minister Kyriakos Mitsotakis met with US President Joe Biden at the White House on Monday, in the first day of an official two-day visit to the American capital.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

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