Rush to enjoy Katseli law status

One out of four mortgage debtors are under the protection of the Katseli law, according to the official data on pending applications at Greek courts that Kathimerini has seen.

There are some 135,000 borrowers whose applications for protection of their primary residences are still pending, while another 60,000 already enjoy the protection provided by the law introduced by former economy minister Louka Katseli. This takes the number of debtors whose primary residences are provisionally or definitively protected by the Katseli law to almost 200,000, with the sum of their debts coming to 17 billion euros.

The official court data that Kathimerini has seen confirm the original estimates by banks about applications more than doubling ahead of the expiration of the Katseli law. The law, whose protection provision has been extended till February 28, concerns properties valued at...