SSM warns banks of new NPLs

Creditors, mainly the ECB, opposed any long term extension to primary residency protection.
The Greek government sends a strong message that it will immediately take the necessary legislative initiative to protect main residence.

  Eurozone banks are seeing a rise in arrears on loan payments, while the benefit of higher interest margins could…

Lenders insist on their position to not extend the home protection framework beyond May 1st. Greek government will ask lenders today to put in place a new institutional framework that will allow the state to subsidize mortgage installments.