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Loan Servicers Warn of Auction Delays

Greece’s loan servicers have warned that new mandatory bilateral debt restructuring procedures could delay property auctions scheduled for 2027 and potentially affect the business plans of securitizations under the state-backed Hercules program.

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The crucial provisions of the Pierrakakis bill on the protection of vulnerable debtors and the strict supervision of funds were approved by broad consensus. In principle, the bill was voted in favor only by the government majority. The entire opposition voted against, on the grounds that the interventions are insufficient. The government amendment to convert the floating to a fixed 3% interest rate in the out-of-court mechanism and to increase…

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The roll call vote in Parliament on articles of the bill on private debt and servicers was scheduled to take place around 2 to 3 pm The post Parliament: The debate on private debt and servicers continues – The roll call vote at noon appeared first on in.gr.

·Greece
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Right

If PASOK's intention is confirmed at the ballot box, many of the provisions of the bill will be voted on by at least 192 MPs.

·Marousi, Greece
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With a broad majority reaching 227 “in favor”, the majority of the provisions of the bill to support borrowers, which were put to a roll call vote, were approved in the Parliament. A total of 19 articles received from 158 to 227 positive votes, while the amendment to freeze the interest rate at 3% for the repayment of out-of-court debts […]

With the votes of New Democracy, the bill of the Ministry of National Economy and Finance for the protection of

With broad parliamentary support, the bill of the Minister of National Economy and Finance, Kyriakos Pierrakakis, on bad loans, borrowers and the operation of debt management companies (servicers) was approved by the Plenary of the House. Read here ⇛

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Business Daily broke the news on Wednesday, November 4, 2026.
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