Bankruptcy

Editorial: Demagoguery, populism come at a price

Opportunistic demagoguery and pledges that ignore the economic realities and the results of negotiations with creditors are an inextricable part of SYRIZA's profile.

Despite the defeats that it suffered and its political acrobatics that had painful consequences for the country, they continue to repeat their old tactics.

Banks to sell assets taken from indebted property developers

Offices, stores, industrial plants and even plots of land worth millions of euros form part of the property portfolios banks have obtained through streamlining agreements with overindebted corporations in the real estate sector as well as many others. The banks now intend to put them on the market in the next few months.

Banks voice serious objections to debtor protection plan

Banks are expressing serious objections to the government blueprint for the new system to protect debtors' primary residences. Their criticism focuses on five main issues which, if not taken into account, would undermine the effort to reveal strategic defaulters and could create a new pool of borrowers who are unwilling to cooperate, according to credit sector officials.

Plan for tax debts is not submitted

The fate of the plan for settling tax debts in 120 installments remains unknown, as the government did not present it to the representatives of its creditors during this week's negotiations in Athens, while a senior official left it open as to whether such a proposal would be submitted at all.

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