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Sunday, April 12, 2015

ECB sees risks in Greece's planned home foreclosure law

By George Georgiopoulos ATHENS (Reuters) - 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 ...


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