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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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Right

The Deputy Minister now called on the opposition to vote on the remaining articles of the bill - The immediate withdrawal of article 23, which makes the debt settlement agreement an enforceable title, was requested by the Coordinating Committee of the Plenary of the Presidents of the Bar Associations of Greece.

·Marousi, Greece
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Lean Left

Nikos Androulakis, in his introductory statement at the PASOK Political Council meeting, called on the government to immediately withdraw article 23 of the new law on private debt and servicers, accusing it of inaccuracy, corruption and impunity, while announcing the immediate initiatives that the party will take, including the proposal for a law on housing policy. The post Androulakis: The government is on the side of funds and servicers – Thre…

·Greece
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Lean Right

The immediate withdrawal of article 23 of the government bill on private debt is being requested by the president of PASOK-Movement for Change, Nikos Androulakis. Nikos Androulakis, during his introductory statement at the meeting of the party's Political Council, strongly criticized the New Democracy government, saying that instead of legislating protection, they "directly undermine the position of the borrower" and "legislate the blackmail of …

▶ Fixed interest rate of 3% in the extrajudicial mechanism and fines of up to 5 million euros for management companies   With the votes of the parliamentary majority, the bill of the Ministry of National Economy and Finance was approved by the Plenary of the House, which includes interventions for the protection of borrowers, the supervision of debt management companies and the operation of […]

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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 […]

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

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Newsit.gr broke the news on Friday, October 30, 2026.
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