Government aiming to ‘freeze’ home auctions over tax debts

12 October 2016
34 Views

The coalition government is working on freezing the auctions of primary residences over tax debts, at least until the end of 2017, in an effort to protect vulnerable sections of society and limit the political cost.

With demonstrations outside local courts where the homes of debtors are being auctioned over debts towards the banks and tax services, the government is aiming to reverse the climate. The latest agreement with the creditors includes protection for home owners with non-performing loans, however there are no provisions for overdue tax debts.

A report in Ta Nea reveals that the government is working on a legislative initiative to address this shortcoming, at the order of the Prime Minister and will be tabled in Parliament as soon as it is ready.

According to the newspaper report, the government is aiming to introduce similar protective measures for NPLs. As such, protection will be offered to debtors with real estate assets worth 180,000 euros (which increases depending on the number of children and marital status), while income criteria will also come into play.

You may be interested

23 christians killed in Egypt!
SLIDE
shares105 views
SLIDE
shares105 views

23 christians killed in Egypt!

makis - May 26, 2017

Gunmen opened fire on two buses and a truck carrying Coptic Christians in Minya, Egypt on Friday, killing at least…

Students slightly injured after school bus capsizes in Serres, northern Greece
GREECE
shares79 views
GREECE
shares79 views

Students slightly injured after school bus capsizes in Serres, northern Greece

makis - May 26, 2017

One child suffered a fracture when a school bus from the Vamvakofyta primary school was run off the road by…

Papademos -bleeding- carried into the ambulance! (video)
GREECE
shares115 views
GREECE
shares115 views

Papademos -bleeding- carried into the ambulance! (video)

makis - May 26, 2017

A shocking video from the moments after the bomb attack against the former Prime Minister of Greece Lucas Papademos in…

Leave a Comment

Your email address will not be published.