Government tables amendment giving management of mortgage loans to funds

5 June 2016
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An amendment that will allow banks to pass on to funds the management of loans mortgaging the main residence with a market value up to 140,000 euros was tabled by the economy and finance ministers in parliament on Thursday, during a debate on the last prior actions demanded by the country’s lenders.

The law still halts the sale and transfer of these loans until 31.12.2017.

The amendment drew the ire of the opposition parties, with New Democracy’s parliamentary spokesman Yiannis Vroutsis accusing the government of “deleting all red lines” and renaming the “vultures” as “doves”.

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