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Saturday, April 11, 2015

ECB sees risks in Greece's planned home foreclosure law

Greece's draft law to protect primary residences from foreclosures goes beyond protecting low-income debtors and could encourage strategic defaults, the European Central Bank said in a legal opinion on Saturday in a potential setback to the plan. Greece's Economy Ministry had asked for the ECB's views on the draft legislation, which seeks to protect indebted citizens from losing their primary ...


READ THE ORIGINAL POST AT finance.yahoo.com